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Uber gained about $2.9 billion from trading away their Southeast Asia and Russian operations. https://mobile.nytimes.com/2018/05/28/technology/uber-grab-southe
by esturk 8y ago
Uber gained about $2.9 billion from trading away their Southeast Asia and Russian operations.
https://mobile.nytimes.com/2018/05/28/technology/uber-grab-southeast-asia.html https://mobile.nytimes.com/2018/05/28/technology/uber-grab-s...
- adventured 8y agoThey did not gain $2.9 billion in cash from that. The transactions gave Uber ownership stakes in combined businesses. They got 27.5% of Grab. They got 36.6% of the Yandex merged entity. The gain referred to in the article is for accounting purposes. https://arstechnica.com/cars/2018/03/uber-sells-southeast-asian-business-to-regional-rival-grab/ https://arstechnica.com/cars/2018/03/uber-sells-southeast-as... https://www.bloomberg.com/news/articles/2017-11-24/uber-s-plan-to-merge-russian-business-with-yandex-approved https://www.bloomberg.com/news/articles/2017-11-24/uber-s-pl...