SoftBank dumps its entire stake in Uber - Printable Version
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: SoftBank dumps its entire stake in Uber (/Thread-SoftBank-dumps-its-entire-stake-in-Uber)
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: SoftBank dumps its entire stake in Uber (/Thread-SoftBank-dumps-its-entire-stake-in-Uber)
SoftBank dumps its entire stake in Uber - Levin - 09-08-2022
PUBLISHED MON, AUG 8 20229:14 AM EDTUPDATED 6 HOURS AGO
Arjun Kharpal
- SoftBank said that it sold its Uber holdings at some point between April and July at an average price of US$41.47 per share.
- SoftBank invested in Uber in 2018 and last year sold about a third of its stake in ride-hailing firm, CNBC reported. It has now offloaded whatever shares it still held.
- The move comes after SoftBankâs Vision Fund, its technology investment vehicle, reported a 2.93 trillion Japanese yen (US$21.68 billion) loss for the June quarter, one of its highest on record.
https://www.cnbc.com/2022/08/08/softbank-sells-entire-stake-in-uber-as-vision-fund-losses-mount.html