clock menu more-arrow no yes

Recode Daily: Uber and SoftBank say ‘Let’s make a $10 billion deal’

Plus, Wish puts its logo on the Lakers, Vanity Fair may have a new editor, and you can actually have breakfast at Tiffany.

SoftBank Group Corp Chairman and CEO Masayoshi Son attends a news conference in Tokyo, Japan, February 8, 2017.
SoftBank CEO Masayoshi Son is about to pump $10 billion into Uber.
Alessandro Di Ciommo / NurPhoto via Getty Images

Uber and SoftBank have struck a long-anticipated deal in which the Japanese conglomerate will buy up to $10 billion of the ride-hailing giant. The agreement was in place over the weekend, just awaiting the signature of a “peace deal” to end the acrimony between former CEO and Uber co-founder Travis Kalanick and its early and major investor, Benchmark. Employees would be able to sell up to half of their Uber stock. [Kara Swisher / Recode]

Conde Nast has found its replacement for outgoing Vanity Fair editor Graydon Carter: Radhika Jones, currently an editor at the New York Times. Jones is a very different choice from many of the bold-faced names that have been floated since Carter announced he was leaving the magazine after 25 years. [Peter Kafka / Recode]

A year after Donald Trump took the White House, 11 of the top science and tech posts in his administration remain vacant, many with no candidates under consideration. Check out this list of the key tech positions still unfilled under Trump’s watch, including chief technology officer and director of the Defense Advanced Research Projects Agency, better known as DARPA. [Tony Romm / Recode]

Listen to the women of tech as they track the origin story of the industry’s gender discrimination problem: Ellen Pao says the sea change in Silicon Valley was the 2012 IPO of Facebook — well above a hundred billion dollars — which cemented it as the place to make a quick fortune. “Now you had the frat boys coming in, and that changed the culture.” [Sheelah Kolhatkar / The New Yorker]


Recode presents ...

Do you have questions about password management, two-factor authentication and keeping your online accounts secure? Kara Swisher and Lauren Goode will be talking to 1Password CEO Jeffrey Goldberg on the Too Embarrassed to Ask podcast this week. We’re taping that interview today, so email your questions soon to TooEmbarrassed@recode.net.


Top stories from Recode

Amazon has already made changes to its new try-before-you-buy Prime Wardrobe service.

The e-commerce giant has altered how discounts work and how many items can be ordered.

Why the CEO of Wish spent more than $30 million to sponsor the Los Angeles Lakers jerseys.

“Basically a no-brainer.”

Trump said he didn’t make that decision’ to potentially force AT&T and Time Warner to sell CNN.

But he did highlight his objection to the deal.

Some substantial ideas on how to fight extremism online. On the latest Recode Decode podcast, Jonathan Greenblatt, the CEO of the Anti-Defamation League, talks with Kara Swisher about how the century-old nonprofit is now working directly with engineers at tech companies like Twitter to solve problems with code rather than lawsuits.

This is cool

Finally, you can actually have breakfast at Tiffany.


This article originally appeared on Recode.net.

Sign up for the newsletter Sign up for The Weeds

Get our essential policy newsletter delivered Fridays