Japanese tech giant Softbank said that there is no final agreement on an investment in Uber, and the firm may also pull out of the potential deal if the terms were unsatisfactory. This statement came after Uber said that it had entered an agreement with SoftBank and Dragoneer on what it termed as a potential investment.

Completing with Aldebaran and Alibaba

SoftBank which has been diversifying through investment for several years has now ventured into sectors outside its core mobile technology business. The company is now completing deals with Aldebaran and Alibaba.

Always Positive towards Investing

“It’s good that SoftBank is always positive towards investing in fast-growing companies. But if you look at its earnings report, net profit was not growing even while operating profit was up,” Makoto Sengoku, market analyst at Tokai Tokyo Research Centre told AFP

He further added that “You cannot expect quick returns on your investment when net profit is not growing.”