(UBER), SOFTBANK CP UNSP ADR (SFTBY) - SoftBank Dumps $2B Worth Of Uber Shares After Stock s Rally benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
SoftBank Dumps $2B Worth Of Uber Shares After Stock s Rally Benzinga 1/12/2021
SoftBank Group Corp’s (OTC: SFTBY) Vision Fund has disposed of $2 billion worth of
Uber Technologies Inc (NYSE: UBER) common stock shares last week, as reported earlier by Bloomberg.
What Happened: The technology sector investment firm sold off 38 million shares in the ride-hailing company at $53.46 each on Jan. 7. The sale was carried out through an affiliate company, SB Cayman 2 Ltd, as per a filing with the U.S. Securities and Exchange Commission on Monday.
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After adjusting for the sale transaction, SoftBank will continue to hold 184.2 million shares valued at approximately $10 billion based on the current stock price.
In the past week, both General Motors and Burger King have unveiled new logos. There are times when I think, what's the big deal, but then I realize, if it matters to someone, it is a big deal. I know more about sports team logos, and trust me, a bad logo for your favorite team can make you cringe every time you watch a game or even a highlight.
Chinese electric vehicle manufacturer Xpeng Inc (NYSE: XPEV), on Monday, announced securing a line of credit from five domestic commercial banks in an event in Guangzhou, China. The new credit agreement will not only aid with the working capital management but also optimize cost control. What Happened: As a part of the agreement, Xpeng will have access to RMB 12.8 billion, or roughly $1.98 billion, as an extensive credit facility to support and.