SoftBank Grp Vision Fund sold $2billion Uber share after market recovery
Tue, Jan 12, 2021 8:16 AM

SoftBank Grp Vision Fund sold $2billion Uber share after market recovery

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SoftBank Group Corp.’s Vision Fund sold about $2 billion in Uber Technologies Inc. The bank har earlier acquired major stakes in Uber, China’s Didi Chuxing, India’s Ola and Southeast Asia’s Grab. Those wagers looked in jeopardy when Uber stumbled after its 2019 initial public offering and the coronavirus pandemic slammed demand. SoftBank still holds about 184.2 million shares.

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