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Uber Case – Repercussion of the M&A operation

September 13, 2022

By: Leonardo Neri

Some time ago, the Uber case became known for how the impact of Privacy & Data Protection can directly impact a huge mergers and acquisitions (M&A) operation.

Uber had been valued on the market at the time at 70 billion dollars, and Softbank wanted to acquire it.

However, Uber suffered huge reputational damage due to the exposure of its customer data in 2017, with around 57 million individuals being leaked.

As a result, there was a revaluation of the company's asset values, which fell sharply, falling from an initial 70 billion dollars to almost 40 billion dollars.

In other words, the values practically fell by half, which made the operation that was being negotiated unfeasible. This event demonstrates how important it is today to monitor the issue of Privacy in companies and, consequently, in the implementation of M&A operations.

If you have any questions about the topics covered in this publication, please contact any of the lawyers listed below or your usual Mazzucco&Mello contact.

Leonardo Neri

+55 11 3090-7303

leonardo.neri@br-mm.com

This communication, which we believe may be of interest to our customers and friends of the company, is intended for general information only. It is not a complete analysis of the matters presented and should not be considered legal advice. In some jurisdictions, this may be considered lawyer advertising. Please see the company's privacy notice for more details.

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