Not exact matches
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While selling stock at two different valuations would be impossible for a publicly traded company, the somewhat nature of Uber's existing
ownership structure allows the company to do precisely that, with SoftBank
pushing to capitalize on that state of affairs in exchange for buying a smaller portion of
shares at a non-discounted price and injecting some additional cash into Uber following the deal.
Jackson left the company after Starboard Value, the activist investment fund, obtained a 3.7 percent
ownership of the company's
shares and began
pushing for changes.