Aug 8, 2017

Softbank may park cash in Uber or Lyft

Softbank's chief executive has said he is considering investing in Uber or Lyft, as the company eyes a move into the US ride-sharing market. Softbank has already invested in Asian ride-sharing firms Grab and Didi Chuxing. "Whether we decide to partner and invest into Uber or Lyft, I don't know what would be the end result," he said. Softbank has already shown an appetite for ride-sharing and backs China's Didi Chuxing. In 2016, Softbank partnered with Saudi Arabia's sovereign wealth fund to launch a technology fund worth as much as $100bn.

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