Sign up to receive 5 free days of our daily summary for tech news.

Asia Venture Capital Enterprise Uber/Lyft

At $45 Billion Price, SoftBank Talks Enflame Uber Tensions

Three weeks ago, Benchmark partners Matt Cohler and Peter Fenton flew into Sun Valley, Idaho for a private meeting with Masayoshi Son of SoftBank, according to three people told about it. On the outskirts of the annual Allen & Co. media confab, the group tried to hammer out a deal for SoftBank to buy shares in Uber from existing investors including Benchmark. That proposed deal has become the latest source of tension at Uber.

The transaction on the table around that time: SoftBank would purchase Uber shares from existing shareholders at a price that would value the company between $40 billion ($27 to $28 a share) and $45 billion ($31 to $32 a share). Additionally, SoftBank would invest $1 billion at the latest preferred valuation of around $70 billion and get some board seats.

Recent Articles

Cities Uber/Lyft

In Scooter Wars, City Ties Might Level Playing Field

By Cory Weinberg

Autonomous Vehicles Cities Uber/Lyft

After Self-Driving Cars Get Billions, Trucks Get Second Look

By Amir Efrati

Startups

Delayed IPOs Undercut Startup Employee Options

By Alfred Lee

These people told The Information they think Uber could be worth $90 billion or more next year.