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Or Uber invested $2bn and walked out with $7bn. Not a bad deal. Plus the value of the combined entity will skyrocket.
by kenbaylor 10y ago
Or Uber invested $2bn and walked out with $7bn. Not a bad deal. Plus the value of the combined entity will skyrocket.
- techolic 10y agoNot exactly, Uber doesn't own all of the $7bn.
- JoachimSchipper 10y ago7bn is 20% of the 35bn.
- a_small_island 10y agoUber does not own all 20%, from the article: "Investors in Uber China, an entity owned by San Francisco-based Uber, Baidu Inc. and others, will receive a 20 percent stake in Didi, the people said. "
- sangnoir 10y ago> Or Uber invested $2bn and walked out with $7bn. Not a bad deal. Plus the value of the combined entity will skyrocket. Does that $2bn 'investment' figure include the $1bn/year losses they were incurring competing with Didi? Uber ploughed in more than $2bn into China, and got less than $7bn (as sibling comment says, the $7bn is not all going to Uber). I agree on the second point - the value of whatever percentage Uber owns is likely to go up.