SoftBank said to be trying to buy a big stake in Uber at a discount

Re:SoftBank said to be trying to buy a big stake in Uber at ... by simonrobb on Tuesday November 28, 2017 @01:54AM (#15795022)

> exploiting Benchmark’s desire for an exit

Does that imply that they'll be buying Benchmark's stock, rather than employees'?

> SoftBank is getting extremely cheap debt at the moment

That sounds like some interesting background to the deal, please expand if you have more detail!

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Re:SoftBank said to be trying to buy a big stake in Uber at ... by linkregister on Wednesday November 29, 2017 @12:55AM (#15804918)

SoftBank raised $93B in equity from investors. It also issued about $5B in bonds in July, as well as a large amount of loans from Japanese and East Asian banks (over $25B). The rates are extremely favorable despite the high risk associated with SoftBank's investments.

I'm bullish on SoftBank, but it's indisputable that it's gotten a hell of a deal. The upside for the banks is they get their principal + interest back. The downside for the banks is that they lent the cash at low-risk rates for high-risk assets.

[ Parent | on HN ]