Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry in the region. A deal could value Careem at $2 billion to $2.5 billion
Son and Musk met in April 2017 to discuss an investment in Tesla. The talks touched on taking Tesla private, but failed to progress due to disagreements over ownership.
SoftBank Group Corp. is considering seeking a valuation of about $90 billion for its domestic wireless business in a planned initial public offering.
The acquisition is part of ARM’s push into the Internet of things. Treasure Data is backed by investors including Sierra Ventures and SBI, a former subsidiary of SoftBank.
The Israeli tech company may sell Juno, the New York-based startup it bought in April 2017. Juno represents the bulk of Gett’s U.S. operations.
In its discussions with Careem, Uber has reportedly said that it would need to own more than half of the combined company, if not buy Careem outright.
If SoftBank does invest, it will pit two more of its holdings against each other, with UberEats also operating in Brazilian cities.
“It’s good for investors if valuations go up as they can exit at those prices,” said Rajeev Misra, head of the Vision Fund, citing deals with Didi Chuxing, Uber Technologies Inc. and WeWork Cos. where early investors exited by selling stakes to SoftBank.
Uber is in talks with payments firms across Asia for partnerships similar to its tie-up with Vietnam’s mobile wallet MoMo.
The startup’s existing foreign investors, including Tiger Global Management and Temasek Holdings, hold about 48% of the startup.