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Uber received a 17.5% stake in Didi as part of the deal [1], which is worth ~8.75B given their most recent raise at a ~50B valuation [2]. [1] https://www.bloom
by alphast0rm 9y ago
Uber received a 17.5% stake in Didi as part of the deal [1], which is worth ~8.75B given their most recent raise at a ~50B valuation [2].
[1] https://www.bloomberg.com/news/articles/2017-04-28/china-s-didi-raises-over-5-5-billion-in-record-tech-funding https://www.bloomberg.com/news/articles/2017-04-28/china-s-d...
[2] https://www.wsj.com/articles/didi-chinas-uber-raises-5-5-billion-in-latest-funding-round-1493379352 https://www.wsj.com/articles/didi-chinas-uber-raises-5-5-bil...
- htormey 9y agoNot that bad of an outcome really. I think Uber blew about $1 billion chasing after China.