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.
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