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PAYMENTS AND COLLECTIONS

Japanese Telecom Giant Acquires 18% of Uber

Japan Softbank

SoftBank has purchased 18 percent of Uber Technologies Inc. in what a report has described as a “major victory” for the ride-hailing company’s chief executive Dara Khosrowshahi. Recode said a person who knows about the acquisition revealed that the transaction gives the Tokyo-based telecommunications company sizeable ownership of Uber, which …

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