Categories
Uncategorized

Uber Backers Discuss Stock Sale to SoftBank, Others – Bloomberg

SoftBank, which recently launched a $93 billion technology fund, has no plans to invest in Uber, a person close to the Japanese company said. SoftBank has backed Uber’s primary rivals in India, Southeast Asia and China. Some of Uber’s investors would like to see the startup cut deals with overseas competitors — as it did […]

SoftBank, which recently launched a $93 billion technology fund, has no plans to invest in Uber, a person close to the Japanese company said. SoftBank has backed Uber’s primary rivals in India, Southeast Asia and China. Some of Uber’s investors would like to see the startup cut deals with overseas competitors — as it did with Didi Chuxing in China and Yandex NV in Russia. Grab, a leading ride-hailing startup in Asia, is raising as much as $2 billion from backers including SoftBank and Didi.

Source: Uber Backers Discuss Stock Sale to SoftBank, Others – Bloomberg

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.