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"If conditions on share price and a minimum of shares are not
satisfactory for the SoftBank Group side, there is a possibility
the SoftBank Group may not make an investment," it said in a
statement.
Uber said this week that a planned deal with SoftBank and
Dragoneer Investment Group was moving forward. The investment
could be worth up to $10 billion, two people familiar with the
matter have said..
SoftBank and Dragoneer are leading a consortium that plans to
invest $1 billion to $1.25 billion in Uber, the mostly highly
valued venture-backed company in the world, along with a
purchase of up to 17 percent of existing shares in a secondary
transaction.
Progress in the negotiations came after venture capital firm
Benchmark, an early investor with a board seat in the
ride-services company, and former Chief Executive Travis
Kalanick struck a peace deal, reaching agreement over terms of
the planned SoftBank investment.
The Japanese tech and telecoms firm has become a prolific
investor in ride sharing firms such as China's Didi and India's
Ola as it works to achieve SoftBank founder Masayoshi Son's
vision of a future driven by artificial intelligence and
interconnected devices.
(This story adds dropped word in last paragraph.)
(Reporting by Sam Nussey; Editing by Edwina Gibbs)
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