Uber to Seal $3.1B Deal to Buy Careem This Week
bloomberg.com
Uber to Seal $3.1B Deal to Buy Careem This Week
1–10 of 48 posts
Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#2How much capital does Uber have left?
My understanding was that they only had a few billion dollars left and were burning > 1B a quarter.
And they are still not profitable right?
On what basis exactly are they going to IPO? What's the angle for buying shares of a company that is losing so much money?
Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#3How much capital does Uber have left? My understanding was that they only had a few billion dollars left and were burning > 1B a quarter. And they are still not profitable right? On what basis exactly are they going to IPO? What's the angle for buying shares of a company that is losing so much money?
You can take on debt to buyout another company
Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#4How much capital does Uber have left? My understanding was that they only had a few billion dollars left and were burning > 1B a quarter. And they are still not profitable right? On what basis exactly are they going to IPO? What's the angle for buying shares of a company that is losing so much money?
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Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#5How much capital does Uber have left? My understanding was that they only had a few billion dollars left and were burning > 1B a quarter. And they are still not profitable right? On what basis exactly are they going to IPO? What's the angle for buying shares of a company that is losing so much money?
You can take on debt to buyout another company
I doubt Uber is taking a loan to buy them. Probably mostly shares of Uber with some % in cash.
Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#6How much capital does Uber have left? My understanding was that they only had a few billion dollars left and were burning > 1B a quarter. And they are still not profitable right? On what basis exactly are they going to IPO? What's the angle for buying shares of a company that is losing so much money?
You can take on debt to buyout another company
The article mentioned $1.4B in cash.
Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#7I’m guessing Lime soon too.
Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#8Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#9How much capital does Uber have left? My understanding was that they only had a few billion dollars left and were burning > 1B a quarter. And they are still not profitable right? On what basis exactly are they going to IPO? What's the angle for buying shares of a company that is losing so much money?
For the principles at Uber, it's all other people's money, so why not try to get as much more of it as possible.
For "investors", they are gambling that either the shares go up before they sell or that Uber builds a profitable business after they buy.
Re: Uber to Seal $3.1B Deal to Buy Careem This Week
#10Doesn't this, so close to their purported IPO, fly right in the face of what they consider to be their network effect? Why would they need to buy competitors if not because it's expensive for them to compete against local upstarts who own a smaller market?