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ISSUE – Aug. 14 | Uber Board Considers 3 Investment Offers to Buy Company’s Shares

Uber’s board has voted to move forward on proposals by two investment groups to buy shares in the ride-hailing service and is considering a third offer, with any final decision set to affect who gains the upper hand at the company. Over the last week, the privately held company’s board voted to take the next step on investment interest from SoftBank, the Japanese conglomerate. It is still considering an offer from a consortium led by Shervin Pishevar, an early investor in the company, to buy Uber shares from an existing investor. The board also earlier voted to go forward with a proposal from a coalition led by the Dragoneer Investment Group to buy stock from Uber’s existing shareholders. The three proposals were described by four people close to the process, who spoke on the condition of anonymity. [ NY Times ]

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