Funding Talks at Uber and Lyft Complicate Ride-Hailing Allegiances<br />SoftBank has agreed to buy some new shares at the same valuation, but would also participate in a tender offer sent to existing Uber investors, in which the Japanese company could potentially buy their Uber shares at a price<br />that is cheaper than the ride-hailing service’s last valuation.<br />In recent weeks, the companies have been in discussions for SoftBank to take a large stake in Uber — in the<br />neighborhood of 17 percent or more — with an investment of $10 billion, said the people close to the talks.<br />And, according to three people familiar with the discussions, Lyft has held recent talks to raise<br />funding from Alphabet, whose venture capital arm also happens to be a major shareholder in Uber.<br />SoftBank is one of the largest investors in Didi Chuxing, one of Uber’s largest former foes.<br />At the moment, Uber, the ride-hailing behemoth, is nearing a deal to receive billions of dollars in funding from SoftBank, the Japanese conglomerate,<br />according to three people with knowledge of the matter, who asked not to be identified because the talks are confidential.
