Thursday, February 27, 2025 | 08:48 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Softbank to invest in Uber

Current Time 0:00
/
Duration Time 0:00
Progress: NaN%

Softbank to invest in Uber

London/Tokyo/Brasilia/New Delhi, Nov 14 (ANI): Japanese tech giant, Softbank, says it's mulling a multibillion dollar deal to invest in ridesharing app Uber. Japanese telecoms giant Softbank says it's weighing up a billion dollar investment in the company on top of a move to buy 17 percent of its shares. Uber is open to the move after terms were used to make peace between two key board members, co-founder and former CEO Travis Kalanick and a top shareholder that pushed to get him removed earlier this year, Benchmark Capital. A successful deal would offer something of a reset for new CEO Dara Khosrowshahi forcing Benchmark to drop a lawsuit against Kalanick while the powerful ex-boss would have to loosen his grip on the board room.

Other Videos

Explore News Home