SoftBank to transfer $12.9b ride-sharing stakes to its Vision Fund

SoftBank to transfer $12.9b ride-sharing stakes to its Vision Fund

Photographer: Kiyoshi Ota/Bloomberg

Japan’s SoftBank Group Corp said on Wednesday it plans to transfer its stakes in ride-sharing firms to the SoftBank Vision Fund, a move which if approved would make the fund one of the world’s biggest investors in the fast-changing industry.

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