Uber Lines Up Four Investors, But a Deal Hangs on Boardroom Battle
- SoftBank, Didi, General Atlantic and Dragoneer discuss funding
- Investors could spend as much as $12 billion in the deal
Uber is said to be in exclusive talks for new funding from four big backers. But the potential $7B deal hangs on a court case. Bloomberg's Eric Newcomer reports on 'Bloomberg Daybreak: Asia.' (Source: Bloomberg)
Uber Technologies Inc. is in exclusive talks to line up funding from four investors, but a deal, which could reach as much as $12 billion, hangs on the outcome of a courtroom brawl between two board members.
Funding would come from Japan’s SoftBank Group Corp. and Chinese ride-hailing juggernaut Didi Chuxing, along with U.S. equity firms Dragoneer Investment Group and General Atlantic, said people familiar with the matter. Goldman Sachs Group Inc. is advising Uber on the potential transaction. China’s Tencent Holdings Ltd. has also explored contributing funds to the round.