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SoftBank says it might walk out of Uber negotiation and invest in Lyft: Report

BGR India Tuesday, 7 November 2017 ()
SoftBank has been contemplating a significant investment worth several billions of dollars in Uber for some months now. In August, SoftBank CEO Masayoshi Son has hinted that he was keen to invest in either Uber or Lyft before entering the US market. In October, negotiations with Uber reached a fever pitch, and an investment was nearly final. However, in a recent press conference, Son stated that he could still walk away from the deal, and invest in Uber’s biggest rival in the US, Lyft. “Depending on the price and conditions, it is wholly possible we could shift our investment to the other main company Lyft. We won’t know until the very end,” Son announced a press conference following SoftBank’s second-quarter earnings. Son
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