Motoring Discussion > Uber - damn that's a lot of money. Auctions
Thread Author: No FM2R Replies: 4
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New Fri 29 Dec 17 14:38 
 Uber - damn that's a lot of money. - No FM2R
From the BBC

"Softbank led a consortium that reportedly agreed to invest at least $8bn for a roughly 15% stake in the San Francisco-based ride-hailing company.

The group will buy most of the shares from early investors in a deal that values Uber at about $48bn (£35.7bn)."
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New Fri 29 Dec 17 16:10 
 Uber - damn that's a lot of money. - R.P.
Wonder if they take bitcoins ?
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New Fri 29 Dec 17 17:13 
 Uber - damn that's a lot of money. - Zero
Its a lot of money for a company that has never made a profit, has no intellectual capital (its all stolen from everyone else), no ethics, and is being legislated out of its market all over the world.
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New Fri 29 Dec 17 17:28 
 Uber - damn that's a lot of money. - PeterS
Surge pricing...? Be back to $2 billion in an hour or two :p
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New Tue 2 Jan 18 09:44 
 Uber - damn that's a lot of money. - Mapmaker
>>Softbank led a consortium

That's OPM funds for you. Win, then you win; lose then somebody else loses and you've already taken the up-front fee.

Moreover I note that Softbank has $100bn to spend on tech shares. You don't spend that sort of money by investing £25,000 in Kevin-next-door's start-up.

Finally, they bought most of the shares from early investors at $48bn AND about one sixth of the investment was for a subscription for new shares at an even cooler $70bn.
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