Uber Will Sell Southeast Asia Unit For Exchange In Grab – CWEB.com

uber22

 

Uber Will Sell Southeast Asia Unit For Exchange In Grab – CWEB.com

Uber CEO Dara Khosrowshahi has focused on redesigning  the company’s reputation and instilling financial discipline to push toward profitability.

Uber’s loss was 61 percent in 2017 to $4.8 billion but the revenue has jumped since.

Partnering with Grab would also play into Softbank’s efforts to consolidate assets.

The Japanese tech giant bought about a 17 percent stake in Uber, mostly buying shares from existing investors.

Uber now has a powerful strategic partner in Softbank, the Japanese telecom giant that is investing hundreds of billions of dollars in technology.

Softbank and other parties will also give Uber $1.30 billion in new investment as part of the transaction.

Uber previously sold its Chinese operations to rival Didi for a 20% stake and merged its Russian business with Yandex for a 37% stake.

The deal isn’t finalized, but sources say making the deal could help Uber minimize costs to prepare for a possible IPO next year.

Investors must decide whether to cash in now or wait until the company goes public.

CWEB Analyst recommend a hold until the IPO comes into effect and the valuation will sky rocket at this point and investors can enjoy a very healthy profit.


Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer


>