news reporter eric newcomer who broke the story, and our guest host for the hour, for evernote ceo phil littonwhat happened? for uber andemand they wanted to sell. it is a very publication financial vehicle. it is a fund that was in dust and other funds. they say they could not get enough interest. i think there is also uber actively policing what is going on. emily: did they not get enough interest, did they get discouraged from doing this? >> i have not gone some of my documents. they said the deal was off. they have been briefing people on it as recently as last week. people and after they think they are allowed offering. emily: what is your sense of what happened? >> i think the private secondary markets are hard to make anything out of any particular action. sellers, but it is traded at fair value, in private .ector it could be anything the deal just did not happen. emily: where were these going to be shared? >> it is not clear. it was not in the financial document with the buyer. there are 10 pages of risk factors, but they do not say much about uber the company. abouto we have to think

newcomer, now, eric who broke the story, and our guest host for the hour, for evernote ceo phil litton. gentlemen, thank you so much for us. eric, i will start with you. what happened? eric: i think there is demand for uber. and they wanted to sell the shares. it is sort of a very complicated financial vehicle. they say they just could not get enough interest. i think -- uber is very actively policing what is going on. emily: did they not get enough interest, did they get discouraged from doing this? eric: i got my hands on some of the documents. they said the deal was off. they have been briefing people on it as recently as last week. and uber, while they will let's say exactly what they do in this case, they go after people when they think there is sort of an on allowed offering. l, what is your sense of what happened? phil: i think the private secondary markets are hard to make anything out of any particular action. buyers versus sellers, but it is traded at fair value, in private secondary, it can really be anything. it could be a small number of sellers, but even a seller with an