Softbank will buy 15 percent stakes of Uber
Softbank will buy 15 percent stakes of Uber

Soon the Japanese company Softbank App Based Cab Service will be a 15 percent shareholder in Uber. With this, SoftBank will make an initial investment of $ 1 billion in Uber by next year. According to the information received from the sources, the announcement of this investment has been made at such a time, while keeping the disputes of 2017 behind and focusing on the expansion of its operations. 

Experts believe that Softbank Group's wholly-owned Softbank Group Capital Limited will get 15% stake in Uber. Under this, he can get two out of 17 seats in the board of directors of Uber.

This deal involves an initial investment of at least one billion dollars in the beginning of 2018. The two companies are finalizing this deal together. At the moment Softbank has denied any comments related to this investment. The Uber spokesperson said that this deal is expected to strengthen the company's technology investment, boost growth and strengthen corporate governance. 

"...(We) look forward to closing the overall investment in January. We have tremendous confidence in Uber's leadership and employees..." SoftBank Investment Advisers CEO and Director at SoftBank Group Corp Rajeev Misra said in an emailed statement. An Uber spokesperson said the transaction is expected to support the company's technology investments, fuel growth, and strengthen corporate governance.

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