Re:Uber Lays Off 400
by oarsinsync on Tuesday July 30, 2019 @06:33AM
(#20563527)
Softbank has used it's collateral in WeWork & Uber to take out secured loans.
Effectively bypassing the lockup period, and insuring any downside to the share price for the cost of the interest on the loans, while maintaining the opportunity for any upside.
They've effectively done one better than just selling the stock.
Effectively bypassing the lockup period, and insuring any downside to the share price for the cost of the interest on the loans, while maintaining the opportunity for any upside.
They've effectively done one better than just selling the stock.