SoftBank May Lose Uber Board Seats After U.S. Security Review

Source: Travel News

Chris Ratcliffe  / Bloomberg

Uber is heading quickly toward its IPO. When the day finally arrives, Japanese investor SoftBank may lose its two board seats. Chris Ratcliffe / Bloomberg

Skift Take: It doesn’t look good for SoftBank. The U.S. Committee on Foreign Investment has immense power under President Trump and has been cracking down on foreign investment. This puts overseas investors in a very uncertain position, which could lead to fewer international business deals.

— Isaac Carey

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SoftBank May Lose Uber Board Seats After U.S. Security Review