The Washington Post - - ECONOMY & BUSINESS -

At least two big Uber stake­hold­ers have agreed to sell some of their pri­vate shares to a group led by Ja­panese tech­nol­ogy con­glom­er­ate SoftBank in a deal that lets in­vestors cash out at a dis­count and could bring sta­bil­ity to the trou­bled ride-hail­ing com­pany. SoftBank said Wed­nes­day that Bench­mark Cap­i­tal, Menlo Ven­tures and other in­vestors have con­firmed their in­tent to sell shares in Uber. SoftBank’s of­fer was ex­pected to be based on a re­duced val­u­a­tion of Uber. The com­pany was val­ued at $68.5 bil­lion in a pre­vi­ous stock sale. SoftBank and Dragoneer In­vest­ment Group want to buy at least 13.4 per­cent of Uber shares. Face­book is pledg­ing $50 mil­lion a year to match disas­ter-re­lief dona­tions, part of a bevy of ef­forts for char­i­ta­ble causes the so­cial me­dia gi­ant an­nounced Wed­nes­day. Face­book is also giv­ing re­lief groups such as the Red Cross ac­cess to data on what users need and where they are. T. Boone Pick­ens, the famed oil field wild­cat­ter, fi­nancier and cor­po­rate raider, said that he wants to sell his Mesa Vista Ranch, cov­er­ing more than 100 square miles in the Texas Pan­han­dle, for $250 mil­lion. Pick­ens in Oc­to­ber put his Dal­las man­sion on the mar­ket for $5.9 mil­lion. Pick­ens, 89, has had health con­cerns.

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