Funding Talks at Uber and Lyft Complicate Ride-Hailing Allegiances

Funding Talks at Uber and Lyft Complicate Ride-Hailing Allegiances

7 years ago
Anonymous $wKBR2uNMvM

https://www.cnbc.com/2017/09/15/new-york-times-digital-funding-talks-at-uber-and-lyft-complicate-ride-hailing-allegiances.html

The only thing changing faster than who is winning the race in the cutthroat world of ride hailing are the shifting behind-the-scenes allegiances between those companies and investors.

At the moment, Uber, the ride-hailing behemoth, is nearing a deal to receive billions of dollars in funding from SoftBank, the Japanese conglomerate, according to three people with knowledge of the matter, who asked not to be identified because the talks are confidential.

Funding Talks at Uber and Lyft Complicate Ride-Hailing Allegiances

Sep 16, 2017, 4:13am UTC
https://www.cnbc.com/2017/09/15/new-york-times-digital-funding-talks-at-uber-and-lyft-complicate-ride-hailing-allegiances.html >The only thing changing faster than who is winning the race in the cutthroat world of ride hailing are the shifting behind-the-scenes allegiances between those companies and investors. >At the moment, Uber, the ride-hailing behemoth, is nearing a deal to receive billions of dollars in funding from SoftBank, the Japanese conglomerate, according to three people with knowledge of the matter, who asked not to be identified because the talks are confidential.