Im kayle Bloomberg Technologys next. Cory im cory johnson, in for emily chang. This is Bloomberg Technology. Softbanks ceo is about to add to his tech portfolio. Buer uber investors agreed to sell him a 20 stake in the right ailing giant ridehailing giant. We will look back at the year uber likely wants to forget, but we wont. Plus, more highlights of our interviews with leaders who helped Shape Technology over the past year. Son of softbank close on a deal to buy a large stake in uber. The sale implies a 48 billion valuation for uber, way down from the 69 billion valuation it achieved not long ago. Here is what son had to say about uber back in august. I think the way people use the transportation and the lifestyle will be different from , 30 years later, 50 years later. It will be very different. Autonomous car is coming. Comes, thist stage tide rideshare business becomes even more important. Cory joining us now to discuss the news, bloombergs redstone brad stone. Let me start with y
Ride hailer to a group led by softbank. Implies a the deal valuation of 48 billion for uber and more than a billion will be invested. It makes softbank one of ubers largest shareholders and counts seats on the board. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Lets take a look now at the markets. Hong kong and china, currently closed for lunch but heres how the morningading in session. This is the picture in and mumbai. Okyo back in half an hour. Time now for the best of bloomberg markets, middle east. [music] im cory johnson in for emily chang. This is Bloomberg Technology. Softbank c. E. O. Masayoshi son is about to add to portfolio. Uber investors agree to sell him stake. Great story here. And the Silver Lining for one of worlds most valuable. A look back at a year uber but wewants to forget, werent. More highlights and interviews, technology in the last year. I think months to happen. Heres what Masayoshi Son had to say
Lets look for european equities are trading now. Not looking just at equities but at the gmm function which looks across asset across the spectrum in western europe. When it comes to equities, i said what is left of it in terms of equity trading because a lot of indexes closed early. The ftse 100 closed around lunchtime higher, up 9 10 of 1 and the dax closed lower on the day. Euro stock 50, down 5 10 of 1 and trading on the ftse in italy on the cac 40 in france. The ibex in spain a little bit lower. Today, fx face, weakness on the europe. Cable, up 6 10o of percent intraday. The sovereign bond space, downward pressure on the front and for germany, the twoyear yield down to basis points. Two basis points. 10 year treasury yield where it began twice 17. 2017. Here i am looking at the year to date, overall, towards the end of trading, stoxx 600 is not changed on the day. This year, stoxx 600 headed for its best year since 2013 and tech stocks and commodity producers have been the outperf
Dont let that fool you. It has been a great year for the stock market. Some of the best gains since 2013. Lets dive into individual movers. When we talk about the year, it was the year of ipos. I want to break down the best and the worst ipos for you. We will start with the winner, roku. Up 273 . It opened for this year price of 14. We are now at 38 a share. Quite a big gain. What was not a good ipo was blue apron. Off about 59 this year. It ipod on june 28 at 10 a share. Now at around five dollars a share. That is where we are in terms of ipos. There are some individual movers today, some winners and some losers. I will focus on the losers. One of them is apple. Thats why the nasdaq is the worst performer of the major averages. Apple is off about one half of 1 . They apologized to customers. We saw this headlines this morning for changing software that reduced the performance of older iphones. Apple said it did not intentionally made to shorten the life of those, so it is offering bat
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 lumber Technology Bloomberg technology. After massive gains, can be tech continue its run . And President Trump resizes amazon on twitter. Should the tech giant be worried. And more from our best conversations of the year with candid discussions with c palmer and meg whitman. The sector outperforming the broader market, breaking records , up nearly 30 for the year i did not see the final numbers,. Pretty dam close to that it was a really amazing year. Just across the markets, i think. You have been investing in tech as long as i have known you. What a run. David it was a good run, but it. As a nasty close today in the scheme of things, i think what really distinguished tech was that growth was scarce and secular growth stories, as characterized by corey you mean topline growth in technology . David i mean