The SoftBank deal is critical for Uber because it will trigger significant governance reforms, which include moving to one vote per share and expanding the board size to 17. "However, while the SoftBank Group side is considering an investment in Uber, there is no final agreement at this stage", SoftBank said.
According to the Associated Press report, Softbank is looking at 14% stake in Uber against investment worth around $1 billion.
Discussions between Softbank and Uber will now revolve around proposed price at which the former will buy stock and number of shares to be purchased.
Uber had said funds from SoftBank, subject to the closure of the deal, would help the US-based startup fuel investments in technology and expansion in its home market as well as other countries.
A spokeswoman for Benchmark did not immediately respond to Reuters' request for comment, while a spokesman for Kalanick declined to comment. During that process, a price will be set for the existing Uber shares.
The company was temporarily banned in New Delhi after one of the drivers on its platform allegedly raped a woman passenger in 2014.
The latter filed a lawsuit against Mr Kalanick, accusing him of fraud, breach of contract and of plotting to manipulate the board of directors to allow him to return as CEO following his resignation in June.
Then Kalanick threw a wrench in the deal, insisting that Benchmark put a hold on its lawsuit against him before he would approve it.
A deal would be positive for Uber, which is seeking to turn the page after recent repeated scandals, among them workplace sexual harassment allegations. If the new deal is closed, the SoftBank-led consortium will own about 14 percent stake in the ride-sharing pioneer, now valued at around US$68 billion.
The Japanese tech and telecoms firm has become a prolific investor in ride sharing firms such China's Didi and India's Ola as it works to achieve SoftBank founder Masayoshi Son's vision of a future driven by artifical intelligence and interconnected devices. In addition to his own seat, Kalanick controls two more, which are occupied by Ursula Burns, the former Xerox Corp CEO, and former Merrill Lynch & CO Inc CEO John Thain.
Taxes would go down across the board on average for all groups, according to the Joint Committee on Taxation. Caricatures of Senate Majority Leader Mitch McConnell, President Donald Trump, and House Speaker Paul Ryan.
The travel order would have barred various travelers from Syria, Libya, Iran, Yemen, Chad, Somalia, North Korea and Venezuela . District Judge Theodore Chuang, who has also blocked the ban for people who did not have a "bona fide" U.S. connection.
Next to Saad Hariri was a photograph of the man they alleged to be his captor: Saudi Arabia's Crown Prince Mohammed bin Salman. Earlier Sunday, thousands of people attending Lebanon's annual marathon used the event to urge Hariri to return home.
Indeed, Spurs eased to a 2-0 victory over the Gunners in their last derby meeting following goals from Harry Kane and Dele Alli. Arsenal, who were beaten 3-1 at City in their last league outing, are sixth in the standings with 19 points from 11 games.
The accused who escaped from the scene after receiving a few blows was reportedly picked up police on Tuesday. Induja's uncle said that Ashok was stalking Induja since her father went overseas for some work.
"I renewed my friendship with President Vladimir Putin of Russian Federation and with President Xi Jinping of China", he said. Claiming he was being serious, Duterte said: "Really, it's true". "At the age of 16, I already killed someone".
Sizemore has said for years that his drug problems, including a 2007 arrest for methamphetamine possession, began as a teenager. In a statement to the Hollywood Reporter on November 13, Sizemore's agent Stephen Rice said, " Our position is 'no comment '".
The tour cancellation comes after a woman alleged that Lacey "solicited nudes from me starting when I was 15 and he was 24". Driskill added that she travelled with her brother and a friend to watch Brand New perform in Austin when she was 18.
At one point this weekend it was looking like talks had been heating up between the Red Sox and Marlins. Hill said he has an idea where Stanton would be willing to go. "We've traded a lot of young guys".
Louis has since addressed the matter and many of his vital relationships have fell by the side in the aftermath. FX - the studio that gave life to his comedy series Louie - also cut ties with the comedian.
In fact, HTC is offering Vive Vision headsets along with Vive Wave developer kits to qualifying developers. The VR headset is also optimized by Vive Wave VR open platform where developers can add VR-ready content.
Livingston, widely considered one of the league's top backups, is averaging 4.5 points, 2.2 assists and 2.4 rebounds per game. Curry will hope to be back for the Warriors' next game against Thursday against the Celtics.
Tesco's £3.7bn takeover of Booker given green light
CMA said, "This is a provisional decision and the CMA is now inviting further comment and evidence before coming to a final view". The CMA's findings are surprising given its previous concerns over the deal, which was first announced in January.
Salesforce.com Inc (CRM) Stake Lifted by Rhumbline Advisers
The CRM provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.24. Following the completion of the transaction, the insider now directly owns 49,913 shares in the company, valued at $4,629,430.75.
Injury-cursed Bale suffers new setback
Gareth Bale has been hit by yet another injury setback, casting further doubts over his future in the Spanish capital. However, he has remained at Madrid and has continued to enjoy great success in the UEFA Champions League .
UN Passes 2018 Olympic Truce
Speaking in support of the truce's adoption was former South Korean figure skater and gold medalist Kim Yu-na. In his remarks, the President of the United Nations General Assembly H.E.
Rachel, Mike from Suits may not return for eighth season
Markle, meanwhile, has been rumored to leave the series since it was revealed that she's dating Prince Harry in 2016. Gina Torres, who left as a series regular after Season 6, has made guest appearances in the current season.
Korean leader urges regional efforts to denuclearize N. Korea
Plans on the way to hold another Commemorative Summit in 2019 to celebrate the 30 Anniversary of ASEAN-ROK dialogue relations. Moon meanwhile said he hoped to further enhance Korea-ASEAN relations. "Let us both work hard to recover lost time".
How can the crisis on Manus Island be resolved?
No matter what label you put on it there is absolute need and there is harm being done, ' she said on Sunday. It is understood about 120 asylum seekers have left the facility since it was closed on October 31.
Kandahar attack: 40 Taliban insurgents killed
Taliban fighters have increasingly used night-vision goggles since at least August 2016, according to The Washington Post . The country's southern provinces have seen a rise in violence against Afghan forces recently.
Two shot at Affinity Medical Center in Massillon
Police Chief Keith Moser says the doctor was in surgery at the hospital, but he didn't know the severity of his injuries. Both the hospital and Massillon City Schools were placed on lockdown for several hours after the shooting.
Cam Newton and Panthers hammer Dolphins on MNF
Here's how the Panthers thwarted the visiting Miami Dolphins for a 45-21 prime-time victory and kept their win streak going. Carolina Panthers rookie receiver Curtis Samuel won't return to Monday's game against Miami because of a left ankle injury.
Moto Tab for AT&T lands on November 17 priced at $299.99
Plenty has changed in five years, but the now Lenovo-owned Motorola looks to avoid repeating history with the Moto Tab . Similarly, pointing the camera towards a barcode will show you the details of the products and links to buy it.