Percent Stake: Baseball Team and Side Businesses

percent stake: That would be worth more than 2.9 billion if Lyft goes public with a valuation in the middle of its anticipated range of 20 billion to 25 billion. ; Rakuten, Japan's largest online retailer, owns an eclectic assortment of side businesses including a professional baseball team and a bus service, according to The Japan Times. It first invested in Lyft in 2015, acquiring an 11.9 percent stake for 300 million. Hiroshi Mickey' Mikitani's e-commerce group Rakuten Inc. owns 13.1 percent of the ride-hailing company, offering documents show. We have seen the future and this is it,' Mikitani, now 53, said at the time. The stake held by Lyft's actual wunderkinds, co-founders John Zimmer, 34, a former Lehman Brothers analyst, and Logan Green, 35, is relatively small after multiple dilutive funding rounds. Silicon Valley venture capital firm Andreessen Horowitz, a Lyft investor since 2013, is the second-largest owner with a 6.3 percent holding that would be worth about 1.4 billion. (news.financializer.com). As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.