Uber says deal in works to sell stake to Japan’s SoftBank ahead planned IPO
Scandal-hit ride-sharing company, Uber, Sunday said it had entered into a deal to sell a stake to Japan’s SoftBank as the firm looks to turn a new page ahead of its planned IPO by 2019, according to AFP reports. The move was announced shortly after reports emerged that its former CEO Travis Kalanick and an […]
MTN Nigerian unit IPO ready in six months, CEO says
MTN Group Ltd. said it is focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months, Rob Shuter, chief executive officer said. “We have a lot of advisers running around getting everything ready,” he said in an interview with Bloomberg TV […]
Alphabet talks with Lyft about possible investment, source reveals
Alphabet Inc. is in discussions with Lyft Inc. about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, a person familiar with the talks said on Thursday. According to Reuters, an injection of support from one of Silicon Valley’s largest companies could be a boost to Lyft as […]
Nigeria-based Interswitch sees delayed IPO concluded by end-2019
Interswitch Ltd., a Nigeria-based payments-processing company, expects to complete its delayed dual listing in London and Lagos before the end of 2019. The initial public offering to raise as much as $1 billion had been scheduled for 2016 and was delayed because equity markets were not as “favorable as we would have liked,” Akeem Lawal, […]
New Uber CEO hints at 2019 IPO as he rakes over troubled startup
One of Dara Khosrowshahi’s first tasks at Uber Technologies Inc. will be coming up with a new set of core principles. Uber’s board ripped up parts of the original list of 14 corporate values, authored years ago by co-founder Travis Kalanick, after they were used by employees to justify malicious behavior around the office. Rewriting […]