SoftBank to invest $10 billion in Uber

SoftBank is highly likely to go ahead with its plan to invest $10 billion in Uber, the ride-hailing app company, according to a report on CNet.com

An Uber representative quoted by CNet says: “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment.

“We believe this agreement is a strong vote of confidence in Uber’s long-term potential. Upon closing, it will help fuel our investments in technology and our continued expansion at home and abroad, while strengthening our corporate governance.”  Continue reading SoftBank to invest $10 billion in Uber