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Yokohama Daisan Management Says Uber Could Acquire Careem for $3 Billion USDOsaka based financial management company Yokohama Daisan Management has said that Uber Technologies Inc are on track to offer Dubai based rivals Careem Networks FZ over $3 billion U.S. Dollars in an acquisition takeover. Uber could announce the offer as early as this week. The offer comes into light as Uber will pay around $1.4 billion U.S. dollars in cash and the remaining $1.7 billion U.S. dollars in convertible notes. This would mean that shares in Uber would be priced at around $55 dollars per share. The acquisition comes just before Uber announce to go public on its initial public offering. It seems that the company coud be valued as much as $120 billion U.S. dollars on its listing day. The American-based global logistics and transportation company has had a successful history of acquisitions over big rivals. However, it still faces heavy competition such as hailing companies like Lyft Inc. "Uber has had an extremely aggressive past of snapping up companies, its got a successful business model and it looks very clear that this new acquisition will increase its valuation figures before launching its much anticipated Initial Public Offering this year," said George Chase, head of Corporate Trading at Yokohama Daisan Management. Yokohama Daisan Management - Based in Osaka, Japan with networks across the Asia Pacific region, Yokohama Daisan Management is an established private wealth management company providing our clients access to the global financial markets with both private and corporate opportunities. Yokohama Daisan Management was launched in 2009 and has proven outstanding results managing clients' capital ever since. With our team's expertise and years of experience, our assets under management are now over $8.71 billion USD.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190325005284/en/ |
