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SoftBank-Uber deal likely next week: Official

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7 years ago

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New York, Oct 17 (IANS) SoftBank’s multi-billion-dollar investment into ridesharing app Uber will be finalised “very likely in the next week” Uber board member Arianna Huffington has said.

Uber’s board voted earlier in October to approve the Japanese tech conglomerate’s cash infusion, which would add six more board seats and annul super-voting shares held by former CEO Travis Kalanick among others.

Through its $93 billion Vision Fund, SoftBank plans to acquire between 14-20 per cent of the world’s most valuable privately-held tech startup, Recode quoted Huffington as saying at a media conference on Monday.

She confirmed reports that the proposed deal would involve both a direct investment in the company at the last private valuation and also a secondary transaction, buying out existing shareholders at a yet-to-be-determined discount, TechCrunch reported.

Uber is still “waiting on what’s going to transpire in terms of the price”, said Huffington.

She added that having SoftBank “on your cap table is very important when they’re also investing in so many of our competitors around the world”.

Implying that there could be more acquisitions in ridesharing, she said to “expect to see some consolidation.”

Huffington also spoke about the difficult period Uber has faced in the past few months.

The company’s work environment had come under fire, leading to the departure of several key executives, including co-founder and Chief Executive Officer Travis Kalanick.

She voiced optimism about Uber’s new leader, Dara Khosrowshahi. Calling him “unflappable,” she said that there’s a renewed focus on image. His “goal is to get people to love the company and not just the product”.

Huffington also said that Khosrowshahi has a greater focus on cost-cutting, in order to meet the goal of taking Uber public by 2019.

–IANS
in/

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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