Notes You Need for December 29: GS, Uber, Japan stocks, rig count
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. Typical items resemble this post from today: “10:40 a.m.: Softbank Group along with Tencent Holdings, Sequoia Capital and Dragoneer Investment Group are buying existing shares in Uber from current shareholders. In addition Softbank will buy $1.25 billion in new preferred stock. The big advantage to the deal from Uber’s point of view is that the investment pretty much rules out any investment in rival Lyft from Softbank. Locking Lyft out of funding from Softbank came at a price, though, as the sale of existing shares values Uber at $48 billion, a haircut from the valuation of $69 billion in Uber’s last round of financing.”
