Deals
Uber's SoftBank Deal May Smooth Road Ahead for Scarred Startup
- Billionaire Son now unlikely to back ride-hailing rival Lyft
- Goal is to bring peace to warring Uber management, boardroom
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Technology billionaire Masayoshi Son just hitched a ride with Uber. But it’s the ride-hailing company that’s starting what it hopes is a new, less-bumpy journey.
Uber Technologies Inc. shareholders agreed to sell a sizable stake in the startup to a group led by SoftBank Group Corp., adding to the already huge investments Son’s company has made in the global ride-hailing business.