SoftBank reports drop in quarterly profit on Alibaba stake

The logo of Soft Bank is displayed at an entrance of a shop in Tokyo's shopping district Ginza

SoftBank CEO Masayoshi Son said he is interested in investing in Uber, but added that Uber's biggest USA rival also has potential.

Sprint's mounting debt maturities put further pressure on Son to find a partner for the company.

SoftBank is already a lead financier for several Uber rivals, including China's Didi Chuxing, Ola in India, Grab, the dominant player in Southeast Asia, and Brazil's 99.

"Sprint can grow on its own, but to truly maximize Sprint's value, we are pursuing multiple options towards consolidation", Mr. Son said at a news conference on Monday.

Clinton Police Officer shot, killed
Court records indicate McCarthy pleaded guilty in November 2013 in Missouri to a misdemeanor driving without a valid license. They are advising the public to avoid contact with McCarthy as he is considered armed and unsafe .

The Vision Fund contributed 105 billion yen of operating income thanks to an unrealized gain on SoftBank's holdings of shares in Nvidia, the US -listed maker of graphics chips.

"We are interested in discussing with Uber, we are also interested in discussing with Lyft, we have not decided which way", he told reporters and analysts on Monday after the company announced its quarterly results. "It's the most important market, so we are definitely very much interested". "So we are definitely very much interested in the USA market". Its backers expect technology investments that will match or beat the 44 percent internal rate of return that SoftBank says Son has delivered by investing in internet firms in the last 18 years. "We haven't decided which way, but [the] U.S.is a very big market - it's [the] most important market - so we are definitely very much interested in the USA market". Reports indicate, however, that SoftBank may do business at a lower valuation, and involve secondary share sales.

Son views ride sharing as a game changer for the transportation industry.

Related News:



Most liked

Virgil Van Dijk Hands In A Transfer Request To Southampton
The Netherlands boss Dick Advocaat gave his support to Van Dijk and urged Southampton to let the defender move to a bigger club. He has two-and-a-half weeks to find a new club.

Unusual sea creatures leave teen's legs bloody after swim
Jarrod Kanizay said his son arrived home with what "looked like a war injury" and that his legs would not stop bleeding. They are tiny carnivorous crustaceans which feed on dead marine creatures, which includes whales and even sea birds.

Ride Manufacturer Reveals The Cause Of Deadly Ohio State Fair Accident
Four others remained hospitalized last week, including an 18-year-old woman in a coma, and Jarrell's 18-year-old girlfriend. The ride, the Fireball, had been on the circuit for 18 years when the accident happened that killed an 18-year-old.