SoftBank is planning to shift its stakes in Uber, Ola, 99, Grab and Didi Chuxing to its Vision Fund, adding more than $20bn of investments to its portfolio.
Japan-based internet and telecommunications conglomerate SoftBank intends to transfer its shareholding in ride hailing companies Uber, Ola, Grab, 99 and Didi Chuxing to its Vision Fund, the Financial Times reported today.
Details of the transaction, which has not been finalised yet, are not yet clear, but the capital committed by Vision Fund is expected to increase if the restructuring is completed, raising the possibility it could transfer cash to its parent.
The stakes in Uber, Ola, Grab and 99…
