Japanese telecommunications company SoftBank Group is now planning to invest in Uber Technologie’s rival Lyft. “Depending on the price and conditions, it is wholly possible that we could shift our investment to the other main company Lyft,” said Masayoshi Son, CEO, SoftBank.

Stakes to come from Uber’s Shareholders

Son, who is planning to buy more than half of the stake, said that this stake will come from existing Uber shareholders. He further said that he may decide not to buy if arriving at a price becomes difficult. He also mentioned other conditions, such as the number of board members, voting rights and “the buying process.”

Uber backs Didi Chuxing

It’s possible that Son would invest in both of the rivals. Before starting talks with Uber, Son backed China’s ride-hailing giant Didi Chuxing. He also invested in Flipkart Online Services, after taking an early stake in competitor Snapdeal.

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