A proposed investment in Uber by SoftBank (Japan) has been approved by the ridehailing service’s board. The deal isn’t final as of yet. If it goes through, Uber could receive around $8 billion to $10 billion. The vote in favor of allowing the investment was unanimous.
In discussing the matter, the board said this investment shows an “incredible vote of confidence in Uber’s business and long-term potential.” It plans to finalize the deal in the coming weeks.
Today, after welcoming its new directors Ursula Burns and John Thain, the Board voted unanimously to move forward with the proposed investment by SoftBank and with governance changes that would strengthen its independence and ensure equality among all shareholders, – Uber’s board
