Committee democrats late into colleagues for forcing the bill through. The committee voted along party lines to advance the bill and gop leaders are hoping to take up later this week. A suspected libyan a militant was found not guilty of the most serious charges of the benghazi attack. He was convicted of terrorism charges but acquitted of murder. The attack killed a u. S. Ambassador and three other americans. Two more americans died in a mortar attack at a nearby cia complex. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti, this is bloomberg and Bloomberg Technology is next. Emily i am emily chang and this is Bloomberg Technology. Softbank is hammering out details to grab a massive stake in uber and seeking a discount to invest in the startup. Plus, our exclusive conversation with with meg whitman, as she prepares to leave the company. Friday ofout a wide topics, including her political ambitions. 10itcoin a
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
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