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SoftBank: We're interested in investing in Uber or Lyft

08 August, 2017, 00:50 | Author: Samuel Sharp
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Sprint's mounting debt maturities put further pressure on Son to find a partner for the company.

"We are interested in discussing with Uber, we are also interested in discussing with Lyft, we have not decided which way", Son said, speaking about its latest quarterly earnings.

Japan's SoftBank is set on making a bigger impact in the USA, seeking stakes in the leading auto sharing services and pushing for consolidation in telecoms and cable.


Now, it's clear the Japanese billionaire wants to push into the United States market one way or another. But the U.S. is a very big market.

"We have not decided which way but the U.S. is a very big market and is the most important market. We are also interested in discussing with Lyft", the SoftBank chief said at a news conference, adding that he wasn't sure what form an investment would take. It's also invested in several major ride-hailing firms around the world, including Didi Chuxung in China, Grab in Japan, and Ola in India. "We haven't decided which way, but [the] U.S.is a very big market - it's [the] most important market - so we are definitely very much interested in the USA market". A Wall Street Journal report in July suggested Uber executives were planning a stock sale to SoftBank. However, Son explained that he sees ride-sharing as a key global industry that Softbank can ill-afford to miss out on.

This comes months after SoftBank Group announced that it had invested $1.4 billion in the parent of Paytm, giving the digital payments start-up a boost as it looks to expand its user base and maintain its market lead in Asia's third-largest economy.

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