The SoftBank company is ready to invest up to $40 billion in the tech giant Uber. This investment step transforms SoftBank into Uber's largest financial partner. The investments will be made over the next 12-24 months, with the first payment expected in the following spring.
Additionally, the Japanese company will have the opportunity to distribute up to $10 billion from this financing among other investors. In the previous October, Uber was valued at $157 billion during a private investment round.
SoftBank is approaching the completion of its initial investment in Uber of $40 billion, valued at $260 billion for financing. This information was provided by David Farber to CNBC.
