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Son said the new fund could see a return of investors in the original Vision Fund, which include the sovereign wealth funds of Saudi Arabia and Abu Dhabi, Apple Inc and Hon Hai Precision Industry Co Ltd (Foxconn).
The move would provide the fund’s investors significant exposure to the ride-sharing industry, which is being shaken up by consolidation in which SoftBank is playing a role.
The final deal is approximately 46 percent cash and 54 percent stock, leaving Shire shareholders owning around half of the combined group.
This is the latest tie-up between companies in Japan looking to bolster their online offerings in the face of competition from Amazon. In January, Walmart and Rakuten said they would launch an online grocery delivery service.
SoftBank is an existing investor in Didi, which raised $4 billion to fund its global push in December.
Such a deal would make SoftBank the largest investor in the reinsurance group.
Line said SoftBank would hold a 51% stake in the mobile business after the issuance of new shares, with Line holding the remaining 49%.
Walmart’s leadership is looking for new ways to grow its international business, which is no longer the growth engine it once was,
The new funds would be in addition to billions of dollars which SoftBank has access to through the Vision Fund.
Uber disclosed that it covered up a 2016 data breach which compromised data of some 57 million customers and drivers.