Will they or won't they? Not long after Uber confirmed to several news outlets that the long-rumored, multibillion-dollar investment from SoftBank is on, the Japanese telecom giant has countered in a statement that the deal is "by no means" decided.
Over the weekend, Uber's board approved the deal, which would consist of a $1 billion investment at the ridehailing giant's most recent valuation of about $70 billion and up to $9 billion purchased from employees and other shareholders at a lower valuation. SoftBank is looking to own at least 14% of the company. The negotiations over the size of the stake and pricing of the tender offer could potentially hold up the deal, per a statement SoftBank executive Rajeev Misra sent to reporters Monday.