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Softbank qualifies that the agreement with Uber is not final

The Japanese telecommunications giant Softbank confirmed today that it has reached an initial agreement with the US company Uber, although he said that it is not closed and that its success it will depend on the price and the percentage of shares.

Tokyo, November 14 (EFE) .- The Japanese telecommunications giant Softbank confirmed today that it has reached an initial agreement with the US company Uber, although it said it was not closed and that its success will depend on the price and the percentage of shares.

"The board of directors and shareholders, as well as the management of Softbank, has reached an agreement basic for a future investment in Uber. Japanese in a statement.

A spokesman for Uber announced on Sunday the agreement with Softbank and explained that the operation is intended to finance the development of new technology for this transport platform with the aim of boosting its global expansion.

The operation could reach 10 billion dollars (8,584 million euros), according to They pointed out several financial means.

In its statement, Softbank clarified today that the success of the operation will depend on the price of the shares and the minimum amount that can already be acquired. that in case they do not satisfy the Japanese company "there is a possibility of not making the investment."

The Japanese group's shares fell 0.68 percent on the Tokyo Stock Exchange. 10.00 local time (01.00 GMT), after finishing yesterday with a slight decrease of 0.29%.

Although it is one of the most successful projects in Sillicon Valley, Uber has been shaken since the beginning of the year by a series of scandals, among which stands out a demand for Alphabet, the parent of Google, for the alleged theft of information about their vehicles autonomous.

In addition, since summer is mired in a war of power that caused the resignation of its co-founder and former delegate Travis Kalanick, sued for fraud and also splashed for accusations of sexual harassment and discrimination.

Uber's board of directors would have given Softbank and the investment fund Dragoneer the green light to invest in exchange for granting the Japanese giant a fraction of the company's shares, according to US media.

The agreement between the two companies would also include Uber's IPO 2019.

The CEO of Softbank, Masayoshi Son, has admitted on several occasions the firm's interest in partnering with Uber, in line with the investments made by the company. technology in other emerging companies ("start-ups") that offer transport services such as the Chinese Didi Chuxing Technology, the Indian Wave or the Singaporean Grab.

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