SoftBank plans to invest in Uber up to JPY 1tn for 20% stake
SoftBank Group Corp [TYO:9984] is in a final-stage of talks to make an investment of several hundreds of billion JPY (several billion USD) in Uber Technologies, aiming to acquire about a 20% stake in the world's largest ride-sharing company, the Nihon Keizai Shimbun reported on 16 September.
The investment amount could reach JPY 1tn (USD 9bn), the Japanese newspaper report said, without citing sources.
Softbank is also considering an investment in Lyft Inc, a transportation network company, the newspaper report said, although the possible investment amount is not mentioned.