Uber Closes SoftBank Investment

San Francisco – February 12, 2018 – Cooley advised Uber on the negotiating and closing of its multi-billion dollar investment from a consortium of investors led by SoftBank, including a tender offer for secondary shares and a primary investment at Uber's prior valuation.

“We’re proud to have SoftBank, Dragoneer and the entire consortium in the Uber family,” said an Uber spokesperson via a TechCrunch statement. “This is a great outcome for our shareholders, employees and customers, strengthening Uber’s governance as we double down on our technology investments and continue to bring our services to more people in more places around the world.”

"We are very pleased to have successfully closed the Uber investment and appreciate the support and professionalism of the board, management team and shareholders who made this transaction possible," added Rajeev Misra, CEO of SoftBank Investment Advisers, in a statement.

Cooley partner David Peinsipp led the team advising Uber on the transaction.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 900+ lawyers across 13 offices in the United States, China and Europe.

Related Contacts
David Peinsipp Partner, San Francisco
Siana Lowrey Partner, San Francisco
Peter Mandel Associate, San Francisco
Nicole Adamson Duda Associate, San Francisco
Arielle H. Friehling Associate, San Francisco
Eric Steiner Paralegal Specialist, San Francisco
Kim Merritt Paralegal Specialist, San Francisco
Jamie Leigh Partner, San Francisco
Sam Livermore Partner, San Francisco
Francis Wheeler Partner, Colorado
Susan Cooper Philpot Retired Partner, San Francisco
Ed Lukins Partner, London
Patrick Gibbs Partner, Palo Alto
John C. Dwyer Partner in Charge - Palo Alto
Jacqueline Grise Partner, Washington, DC
Christina Zhang Partner-in-Charge - Shanghai
Robert Phillips Partner, San Francisco
Karen Tsai Associate, Washington, DC
David Burns Associate, Washington, DC
Sarah Lightdale Partner, New York