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COMING UP:Share Opener Variant 4



>> Japan's giant SoftBank and a group of investors that have been looking to grab a piece of Uber now wanna pay 30% less for it than the last buyer shelled out, a source told Reuters Monday. At that price, the ride-hailing app would be worth $48 billion instead of the $68.5 billion it was worth last year when it was still the darling of Silicon Valley.
The deal would involve selling private shares of the company currently owned by employees and early investors. While it sounds like bad news for Uber, it isn't says Reuters reporter Heather Somerville.>> Whenever you have these types of transactions for tech companies where one investor buys from another investor, there's always some sort of discount.
And in general, this is good news from Uber. It's a little bit of a cheaper price than investors were talking about but not by much, there has been weeks and weeks of negotiation. And now that the tender offer is finally here, it's a big step forward for Uber and its new CEO.
>> The deal would be one of the largest ever of that kind if it gets done. That means enough of those current shareowners still need to agree to sell at that price. Early investors would still make a very hefty profit.>> And Uber actually gets to keep its most recent valuation of 68.5 billion, the highest valuation of any private venture-backed company in the world.
And it does that because SoftBank is doing a separate investment into Uber, a $1 billion investment at that bigger valuation.>> SoftBank CEO, Masayoshi Son, has predicted that ride-hailing apps will change the world and has bought stakes in many of the top ride-sharing players around the world. News of the deal comes as Uber struggles with regulatory hurdles in several countries and legal fallout from coming clean last week about a 2016 data breach that it paid to keep secret.
The company has also struggled with claims of sexual misconduct and a series of crisis that led to the departure of founder Travis Kalanick.