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SoftBank mulls Uber stake, for unity in incestuous ride-sharing market

According to reports in the WSJ, SoftBank has begun talks with Uber to take a multi-billion dollar majority stake in the embattled ride-sharing platform – which has suffered a barrage of (mostly deserved) bad press in recent months. If true, SoftBank will be continuing its form of opportune investments, which it best displayed with its acquisition of ARM – leaping in with a bid as the British silicon institution was rocked by forex declines. This is an expansion on previous ride-sharing investments, in Didi Chuxing and Grab. SoftBank was a surprise bidder for ARM, and seemed motivated to pounce based on the fall in the value of Sterling, as a favorable exchange rate was blessed to them in the wake…

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