SoftBank CEO Says Interested in Investing in Uber, Lyft

Advertisement
By Reuters | Updated: 7 August 2017 15:35 IST
Highlights
  • SoftBank is a prolific investor in technology startups
  • Recent investments include US online lender Kabbage
  • SoftBank also has a foothold in the US market through Sprint

SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision.

"We are interested in discussing with Uber, we are also interested in discussing with Lyft, we have not decided which way," he told reporters and analysts on Monday after the company announced its quarterly results.

"Whether we decide to partner and invest into Uber or Lyft, I don't know what will be the end result."

Advertisement

SoftBank is a prolific investor in technology startups, with founder and chief executive officer Masayoshi Son instrumental in creating Vision Fund.

Advertisement

Recent investments include US online lender Kabbage, which on Thursday said it had received a $250 million from SoftBank.

SoftBank also has a foothold in the US market through its wireless unit Sprint, which last week reported a quarterly profit for the first time in three years as a results of cost cutting efforts.

Advertisement

The fourth-biggest US wireless carrier by subscribers is exploring options to boost finances and better compete, through means such as merging with T-Mobile US as well as a tie-up with cable provider Charter Communications.

© Thomson Reuters 2017

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. Cloudflare Is Down Again For the Second Time in Weeks: See Affected Sites
  2. ACT Fibernet Launches New Broadband Plans With Free OTT Subscriptions
  3. Motorola Edge 70 With Pantone's 2026 Colour, Swarovski Crystals Launched
  4. Motorola Edge 70 Will Launch in India Soon via This E-Commerce Platform
  5. Airtel Discontinues These Prepaid Recharge Packs in India
  6. OTT Releases of the Week (Dec 1 – Dec 7): Know What to Watch
  7. OnePlus 15R Surfaces on Benchmarking Site Ahead of India Launch
  8. Here's What India Searched For the Most on Google in 2025
  9. Realme Says It Will Launch Two New Narzo Smartphones in India Soon
  1. Dhoolpet Police Station OTT Release Details: When, Where to Watch Tamil-Language Crime Thriller Online?
  2. Netflix to Buy Warner Bros. in $72 Billion Cash, Stock Deal
  3. George Clooney-Starrer Jay Kelly Now Streaming on Netflix: All You Need to Know
  4. Google's Year in Search 2025 Reveals Gemini 3, Nano Banana Pro and Other AI Search Features Launched in India 2025
  5. Poco C85 5G Display Specifications Confirmed Days Ahead of Launch in India: See Expected Specifications
  6. Polar Loop Screen-Free Fitness Tracker Launched in India With Up to Eight Days of Battery Life: Price, Specifications
  7. Xiaomi 17S Pro Said to Be in Development, Could Launch After Xiaomi 17 Ultra Debuts
  8. Motorola Edge 70 India Launch Teased; Flipkart Availability Confirmed: Expected Specifications, Features
  9. Google’s Year in Search 2025: Top Trending Topics in India—From Gemini to Squid Games
  10. Vivo S50 Colour Options, Key Features Surface Online; Could Launch in India as Vivo V70
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.