SoftBank asks Uber shareholders to keep quiet

Illustration: Lazaro Gamio / Axios

SoftBank's investment plans for Uber have hit another stumbling block, according to multiple sources. The Japanese giant has asked shareholders like Benchmark to not discuss with peers how much they may sell or at what price. SoftBank views it as an anti-collusion provision, whereas the shareholders view it as a gag order.

Status: This was a bigger problem several days ago than it was today, as many of the shareholders have given verbal assurances that they won't share info. But they won't sign paperwork to that effect — fearing possible liabilities — and it's still a bit unclear if SoftBank will take their word as bond.