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SOFTBANK UBER INVESTMENT
Ola Consumer's FY25 revenue drops 42%, losses widen, as company begins prep for IPOOla Consumer is moving ahead with its IPO plans. However, its recent financial reports show a significant drop in revenue and a doubling of...- SoftBank Group sells Uber shares worth $2 billionAn affiliate of SoftBank's Vision Fund sold 38 million shares for $53.46 apiece, according to a US stock filing on Uber's website.
- SoftBank Vision Fund planning writedown of over $5 billionThe writedown is being driven by the Vision Fund’s holdings in ride-hailing giant Uber and WeWork parent We Co., the beleaguered co-working...
- Uber is biggest loser in SoftBank IPO returns, Oyo a bright spotAt the Vision Fund, unrealized losses totaling $1.84 billion were recorded during the quarter ending June 30, attributable to decreases in ...
- Big winners of Uber, Lyft IPOs won’t be the usual suspectsThe filings submitted by Uber and Lyft aren’t yet public, but people familiar with each business outlined the largest shareholders.
- Softbank reviving Ola-Uber India merger talks?Source in the know of the development has confirmed that senior executives from both companies have met several times over the past several...
- Tech investors should enjoy its deal spree: SoftBank's Rajeev MisraThe industry is upset that SoftBank is muscling in on deals and has voiced concerns that it’s ladling out more money than startups need or ...
- We will continue to compete with Ola In India, invest aggressively, says Uber CEO Dara KhosrowshahiWe are going to be quite aggressive about investments in India, says Uber CEO
- Uber says it’s 100% committed to India“Our business in India is stronger than ever and we are 100% committed to serving our riders and driver partners in India,” an Uber spokesp...
- SoftBank is said to seek Uber stock at $48 bn valuationIf it is successful, the SoftBank-led coalition would buy at least 14 percent of the shares from existing Uber investors.
- Larry Page vs Masayoshi Son: The ride hailing race is now a battle between billionairesAlphabet Inc., led by Larry Page, just backed Lyft Inc., while SoftBank Group Corp. chief Masayoshi Son is set to take a big stake in large...
- Lyft raises $1 billion from big new ally in battle with UberThe funding marks a major shift in Alphabet's allegiances away from Uber, and suggests a tighter pairing of its Waymo autonomous vehicle te...
- Ola said to raise $2 billion from SoftBank, TencentThe funding will help Ola to continue its focus on India and build both its supply of vehicles and drivers as well as strategic technology ...
- Tug of war: Uber-Softbank deal has many conflicting objectivesKalanick and Uber's new CEO Dara Khosrowshahi are in regular contact and Kalanick seems at peace with the fact that the company has a new c...
- Uber-SoftBank deal ensures limits on Kalanick’s powerVenture capital firm Benchmark, which led Kalanick’s ouster in June, has sought a guarantee in writing from SoftBank that it would reject r...
- Uber's incoming CEO must fix culture: Nikesh AroraArora left SoftBank after Son, who had called him a likely successor, decided to remain at the helm of the company he founded.
- Uber lines up four investors, but a deal hangs on boardroom battleFunding would come from Japan's SoftBank Group Corp. and Chinese ride-hailing juggernaut Didi Chuxing, along with US equity firms Dragoneer...
- SoftBank looks for an Uber, Lyft in the cab-hailing spaceMasayoshi Son said that he would be willing to invest in Uber Technologies or rival Lyft.
- Uber in the crosshairs as SoftBank helps rivals raise $9 billionThe money will help Grab, which already dominates the region, defend its turf against Uber in one of the San Francisco company's most impor...
- SoftBank to back Snapdeal, Ola; open to consolidation: Alok Sama"In terms of plans, our priority is to nurture our portfolio companies," said Alok Sama, president of SoftBank, in an exclusive interview w...
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