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SoftBank to move ride-hailing stakes worth $20 bn to Vision Fund: Report

The Vision Fund, the world's largest private equity fund, is run by SoftBank board member Rajeev Misra


Japan's SoftBank Group plans to shift more than $20 billion of its investments in top ride-hailing companies including Uber Technologies Inc, Ola, Grab and Didi Chuxing into its Saudi-backed Vision technology fund, the Financial Times reported on Wednesday. The proposed transfer will provide the fast-growing ride-service firms access to the Vision Fund's resources, hoping to work closely and create synergies in businesses across the world, the FT reported, citing people familiar with the talks. SoftBank was not immediately available for comment. SoftBank's stakes ...

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First Published: Wed, April 25 2018. 21:51 IST