SoftBank learned of a data breach at Uber while it was attempting to invest in the company:
Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday.
The ride-hailing service is trying to complete a deal in which the Japanese company would invest as much as $10 billion (£7.52 billion) for at least 14 percent of Uber, mostly by buying out existing shareholders.
"We informed SoftBank that we were investigating a data breach, consistent with our duty to disclose to a potential investor, even though our information at the time was preliminary and incomplete," Uber said in a statement.
"We also made clear that our forensic investigation was ongoing," Uber said. "Once our internal inquiry concluded and we had a more complete understanding of the facts, we disclosed to regulators and our customers in a very public way."
Maybe they should wait for the stock to collapse first.
Also at Bloomberg.
Previously: SoftBank to Invest Billions in Uber
(Score: 2) by lx on Saturday November 25 2017, @06:02AM (1 child)
You know who else liked to use the term "uber" a lot? [wikipedia.org]
That's right. When you take an Uber you're riding with Hitler.
(Score: 2) by takyon on Saturday November 25 2017, @07:06AM
God is my co-pilot, but Hitler is my driver.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]