Uber says it will accept an investment from
Japanese tech investor SoftBank, joining a growing portfolio of U.S. technology investments made by intrepid mogul Masayoshi Son.
The ride - hailing company says it will accept an investment from
Japanese tech investor SoftBank.
Not exact matches
Sources previously told Reuters the choice has narrowed to one bid from Broadcom and U.S.
tech fund Silver Lake and another from Toshiba chip partner Western Digital and
Japanese government - related
investors.
Japanese billionaire Masayoshi Son, chairman of SoftBank, a telecommunications and
tech investment group, revealed plans for the fund last October and since then it has obtained commitments from some of the world's most deep - pocketed
investors.
SoftBank Group Corp said on Monday it was considering listing its
Japanese wireless business — a move that could reportedly raise $ 18 billion and would accelerate the conglomerate's transformation into one of the world's biggest
tech investors.
SoftBank's aggressive approach raised many tensions at Uber and among some of the company's smaller
investors who believe that the
Japanese tech giant will devalue the firm seeing how it's seeking to purchase its privately traded shares at a significant discount.