SoftBank's $ 1.2 billion mainstream direct investment business was officially closed, according to Uber himself, which confirmed the closing of the deal and TechCrunch spokesman said:
We are proud to have SoftBank, Dragoons and the whole Company to have consortium in the Uber family. This is a great result for our shareholders, employees and customers and strengthens Uber's governance as we double our technology investments and continue to offer our services to more people in more locations around the world. The Uber-SoftBank deal will also see the payments for secondary sales being processed and distributed on Thursday confirmed the company, and the governance changes that Uber had approved under the deal structure are officially entering into today Force.
This means that Uber founder Travis Kalanick officially is now a billionaire in reality and on paper, thanks to his sale of about 30 percent of his total share of the carpool. It also means that SoftBank is now the company's largest shareholder, securing its new board positions and helping Uber with the planned IPO for 2019.
SoftBank Investment Advisers CEO and SoftBank Group Director Rajeev Misra provides the following statement regarding the deal near TechCrunch:
We are very pleased to have successfully completed the Uber Investment and appreciate the support and professionalism of the Board, the management team and the shareholders who made this transaction possible
Uber has a very bright future under his new leadership. It is now part of a wider SoftBank network from Sprint to WeWork. I'm looking forward to the SoftBank, which will help Uber achieve even greater global success.
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