Detroit Bureau on Twitter

Posts Tagged ‘Uber compromise London’

Is Uber Finally on the Rebound?

Japan's SoftBank buying $1B in ride-sharing company stock.

by on Nov.13, 2017

Uber CEO Dara Khosrowshahi has faced one problem after another since his arrival at the company. This trend may finally be changing.

The last 18 months or so have been difficult for ride-sharing giant, Uber; however, it appears the tide is turning for the San Francisco-based firm.

The company announced that Japan’s SoftBank is partnering with Dragoneer Investment Group to buy $1 billion of Uber Technologies stock.

News Now!

“We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,” Uber said in a statement. “We believe this agreement is a strong vote of confidence in Uber’s long-term potential.”   (more…)