SoftBank Considers Uber or Lyft in the Near Future Investment

TechGenyz
TechGenyz
Aug 8, 2017 · 1 min read

SoftBank Group Corp, a productive financial specialist in worldwide technology start-up companies, announced recently about a sharp ascent in quarterly profits and said it would be interested in parking funds in the popular ride sharing app Uber Technologies or Lyft Inc in the near future.

This is the first run through where Softbank has publicly shown an enthusiasm for investing in Uber, subsequent to having so far placed assets into its adversary Grab in Southeast Asia and China’s Didi Chuxing. A month ago, a media report said Uber investors and its board were thinking about a stock deal to SoftBank and other financial investors.

Originally Published In TechGenYZ