 "Uber, Ola, Softbank")
Technology billionaire Masayoshi Son just hitched a ride with Uber. But it’s the ride-hailing company that’s starting what it hopes is a new, less-bumpy journey.
Uber Technologies shareholders agreed to sell a sizable stake in the start-up to a group led by SoftBank Group, adding to the already huge investments Son’s company has made in the global ride-hailing business.
The deal announced Thursday will bring new cash to Uber, prevent arch US rival Lyft from dealing with SoftBank, appease some early, antsy backers and pacify a previously warring management team and board, while solidifying the leadership of Chief
Uber Technologies shareholders agreed to sell a sizable stake in the start-up to a group led by SoftBank Group, adding to the already huge investments Son’s company has made in the global ride-hailing business.
The deal announced Thursday will bring new cash to Uber, prevent arch US rival Lyft from dealing with SoftBank, appease some early, antsy backers and pacify a previously warring management team and board, while solidifying the leadership of Chief
