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Google's parent company has a lucrative return to Uber: nearly 20 times more value added

via:博客园     time:2019/4/12 13:31:36     readed:149


Sina Technology News, Beijing time on April 12 morning news, according to the US financial media CNBC reported that Alphabet's early investment branches (formerly known as Google Ventures) invested $ 258 million in Uber in 2013. At the time, it was the biggest investment by Google Ventures. Today, the investment is nearly 20 times more value-added and its valuation is over $5 billion.

According to the IPO prospectus submitted by Uber, Google's parent company Alphabet has a 5.2% stake in Uber. Uber hopes to go public at a valuation of US$100 billion. According to this calculation, Alphabet has a stock value of US$5.2 billion. From now on until the end of the 6-month lock-up period after the IPO, the valuation will change, so the US$5.2 billion is only a rough figure. .

From this point of view, Alphabet has become one of the winners in the wave of taxis, and many believe that when the Alphabet driverless car enters the market, it will become a potential competitor. In October 2017, Alphabet invested $500 million in Lyft through a late-stage investment arm, CapitalG, which owns a 5.3% stake in Lyft, which was valued at $738 million as of the close of trading on Thursday. These shares are currently locked as well, and are unlocked 180 days after the IPO.

Although Alphabet has made considerable profits in investing in Uber, the two companies are not allies.

Previously, David Drummond, Senior Vice President and Chief Legal Officer of Alphabet Enterprise Development, entered the Uber Board of Directors and left in 2016 because of the increasingly fierce competition for driverless technology. The next year, Alphabet sued Uber, saying it stole its own confidential information when it acquired the company.

In February last year, the two parties reached a settlement. Uber agreed to pay Waymo a 0.34% stake as a subsidiary. Waymo is a subsidiary of Alphabet, which is valued at $245 million at the current price. In the Uber stock currently held by Alphabet, the share of compensation stock is about 7%.

The two companies also have huge business contacts. From early 2016 to 2018, Uber paid $58 million to Google for its map services; $631 million for marketing and advertising services; and $70 million for technology infrastructure and corporate services. (Xinghai)

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