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What SoftBank's $10b investment in Uber means for its battle with Ola

SoftBank boss Masayoshi Son sees a big opportunity in ride-hailing as a whole, reports Tech In Asia

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Uber will adopt a policy of one share, one vote and has also set a deadline for the closely held company to go public in the next two years photo: reuters

Sumit Chakraberty | TIA

Last Updated : Nov 13 2017 | 5:12 PM IST

Scandal-ridden Uber has confirmed a deal to sell a chunk of its stakes to SoftBank. The Japanese giant could invest US$10 billion over the next month to acquire 14 percent or more of Uber’s shares, both in fresh and existing stock.

The investment in Uber comes on top of the billions SoftBank has poured into other ride-hailing companies: Didi in China, Grab in Southeast Asia, and Ola in India. Just a month ago, it led a US$2 billion investment in Ola.

SoftBank boss Masayoshi Son sees a big opportunity in ride-hailing as a whole. So his strategy is to get substantial stakes

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