SoftBank’s $1.15 Billion acquisition of 15% stake in Uber

Cooley advised Uber on the negotiating and closing of its investment from a consortium of investors led by SoftBank

The transaction implies a $48 billion value for Uber. The investor group includes SoftBank, Dragoneer Investment Group, TPG, Tencent Holdings Ltd. and Sequoia Capital.

Uber Technologies, Inc. develops, markets, and operates a ridesharing mobile application which allows consumers to submit a trip request, which is routed to crowd-sourced taxi drivers. Its smartphone application connects drivers with people who need a ride. The company, led by Dara Khosrowshahi, Garrett Camp, Barney Harford, Chris Taylor and Rachel Holt, is based in San Francisco (CA).

Cooley advised Uber with a team led by David Peinsipp (Picture).

 

Involved fees earner: David Peinsipp – Cooley LLP; Megan Niedermeyer – Cooley LLP; Arielle Friehling – Cooley LLP; Jamie Leigh – Cooley LLP; Sam Livermore – Cooley LLP; Francis Wheeler – Cooley LLP; Jodie Bourdet – Cooley LLP; Ed Lukins – Cooley LLP; Christina Zhang – Cooley LLP; Siana Lowrey – Cooley LLP; Peter Mandel – Cooley LLP; Nicole Adamson Duda – Cooley LLP; Robert Phillips – Cooley LLP; Susan Cooper Philpot – Cooley LLP; Laura Lakin McDaniels – Cooley LLP; Patrick Gibbs – Cooley LLP; John Dwyer – Cooley LLP; Sarah Lightdale – Cooley LLP; Nic Echevestre – Cooley LLP; Jacqueline Grise – Cooley LLP; David Burns – Cooley LLP; Audrey Scott – Cooley LLP; Alison Sundberg – Cooley LLP; Karen Tsai – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Uber Technologies, Inc.;

 

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Author: Michael Patrini