Quarter. The right Healing Service lost almost 1. 5 billion in the period. As reported tuesday night as part of a formal bid from a softbankled consortium looking to buy a large portion of stock. Theres a 30 discount to its last private valuation, coming in at 69 billion. We caught up with someone intimately familiar with ubers inner workings, lane castleman, the former head of over in the americas, and eric newcomer. This is the opening salvo from softbank. And its consortium of investors saying, we will pay 33 a share, which translates into that 48 billion dollars valuation, and see if we can get enough people to bite at that to meet the 14 of outstanding shares of he want to acquire. Molly and what is the likelihood of them acquiring that . You know, there is a lot of appetite for liquidity and that is what softbank is counting on. People want to sell and do not want to miss out. People might offer them up knowing they can offer them at a higher price later. Emily you have shares to
First to our lead, uber losses widened in the third quarter. The Ride Hailing Service lost almost 1. 5 billion in the period. It all came to light as shareholders reported tuesday night as part of a formal bid from a softbankled consortium looking to buy a large portion of stock. Softbank to get a nice discount. Theres a 30 discount to its last private valuation, coming in at 69 billion. We caught up with someone intimately familiar with ubers inner workings, lane castleman, the managing partner at greenbrier and the former head of uber communication in the americas, and eric newcomer. This is the opening salvo from softbank. And its consortium of investors saying, we will pay 33 a share, which translates into that 48 48 billion dollars valuation, and see if we can get enough people to bite at that to meet the 14 of outstanding shares of we want to acquire. Molly and what is the likelihood of them acquiring that . You know, there is a lot of appetite for liquidity and that is what soft
President. First to our lead, uber losses widened in the third quarter. The Ride Hailing Service lost almost 1. 5 billion in the period. This all caps on light when goober reported its financials to shareholders tuesday night as part of a formal bid from a softbankled consortium looking to buy a large block of stock. Softbank to get a nice discount. Theres a 30 discount to its last private valuation, coming in at 69 billion. We caught up with someone intimately familiar with ubers inner workings, lane castleman, managing partner at greenbrier and the former head of Uber Communications in the americas, and Eric Newcomer also joined us on the set. Eric this is the opening salvo from softbank and its consortium of investors saying, we will pay 33 a share, which translates into that 40 billion valuation and see if we can get , enough people to bite at that to meet the 14 of outstanding shares we want to acquire. Emily and what is the likelihood of that . Eric you know, there is a lot of ap
Bronx in about three minutes, but by that time, the fire had spread throughout. They were able to rescue a dozen people. Several more were critically injured and are said to be fighting for their lives. Police promising a bigger security detail than ever before in times square for the upcoming new years eve celebration. It caps a year that saw a number of deadly attacks including a vehicle assault at the same spot where revelers will bring in 2018. An army of snipers and back in spending officers will be deployed along with metal the textures and bombs trained to find explosives. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is up next. Cory im cory johnson in for emily chang, and this is Bloomberg Technology. After massive gains, can big tech continue its run . And President Trump resizes and President Trump once again criticizes amazon on twitter. Should the tech giant be worried. And
To be spared. Many children have died. The flu season still has not peaked. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Parenti, and this is bloomberg. Emily i am emily chang and this is Bloomberg Technology. U. S. Stocks smash records across the board to close the week with tech shares at the charge. We have the latest. Plus, michael dalloways options with an ipo on the table. White the man with the largest leveraged buyout in tech history is reconsidering the companys future. And the rising uncertainty over facebooks new feed, pivot. Zuckerbergsal for new fixed and the potential impact on on ad revenue and digital publishing. U. S. Stocks hitting a new alltime high. The market is once again rallying on strong Earnings Results with tech shares leading the way. Helped pushformance the market higher, the s p 500 with the fourth week of gains. Lets bring in Abigail Doolittle in new york. And in San Francisco, corey johnson. W