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Uber’s largest shareholder wants it to exit Africa and Asia

• xbmcuser 9y ago
  If I recall correctly Softbank has investments in uber competitors getting uber out might be good for there other investments I hope competition authorities keep a look out for this.
• hkmurakami 9y ago
  >Softbank has significant stakes (paywall) in some of the world’s largest ride-hailing companies including Uber rivals like India’s Ola and China’s Didi so it is perhaps unsurprising that it might want the California-based company to focus on core markets where it doesn’t compete with its other investments. >However, in an email to Quartz, an Uber spokesperson insisted that the company is “very much committed” to its African operations and is “excited” about its “future growth prospects.” Unsurprising desire from SB. Will be interesting how this plays out in the board room