Uber CEO Dara Khosrowshahi was on stage at the New York Times’ Dealbook conference today, and the ride hailing company’s top executive put a timeline on Uber’s plans for going public. Khosrowshahi, who took over as CEO after founder Travis Kalanick stepped down earlier this year, said early on that an IPO for Uber was part of his plans, and that it would happen in the next 18… Read More
Category: Softbank
SoftBank increasing Sprint stake after T-Mobile deal called off
The proposed tie-up between two American telecom giants was formally called off this weekend. Sprint and T-Mobile had been negotiations for months but ultimately decided not to go forward with a deal. “The companies were unable to find mutually agreeable terms,” the businesses announced in a joint press release Saturday. Last week, reports suggested that the deal was on the verge… Read More
The T-Mobile and Sprint merger is off — again
T-Mobile and Sprint won’t be joining forces after all.
The two companies ended a months-long negotiation to merge after failing “to find mutually agreeable terms,” they said in a joint statement released early Sunday. The move marks the second time i…
Sprint shares fall 9% on reports of failed T-Mobile merger
Sprint-owner SoftBank Group may be getting cold feet when it comes to the proposed T-Mobile U.S. merger. Sprint shares fell 9 percent following a report from the Nikkei that Softbank might be backing off from a potential agreement; T-Mobile shares fell 5 percent. According to the report, SoftBank is expected to approach Deutsche Telekom, the owner of T-Mobile as soon as Tuesday… Read More