Tag Archives: shareholder

Uber-SoftBank deal has closed, making SoftBank largest shareholder

A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billion, a ... Read More »

Abu Dhabi becomes top BP shareholder

Abu Dhabi has become one of BP’s biggest shareholders under a deal which gives the oil company a much bigger stake in the emirate’s oil output. BP will take a 10% share in ADCO, which owns onshore oil fields that account for most of Abu Dhabi’s production. The deal will dramatically raise BP’s share of oil and gas production in ... Read More »

LendingClub now targeted in shareholder lawsuit

LendingClub Corp (LC.N) has been hit with the first of what could be many federal lawsuits by shareholders who say the online lender, which forced out its chief executive last week, inflated its share price by concealing its inability to monitor its operations. In a complaint filed late Monday in San Francisco federal court, the plaintiff Steeve Evellard said LendingClub ... Read More »