SoftBank says considering investment in Uber but no final agreement reached

Last Updated: Tue, Nov 14, 2017 09:31 hrs

TOKYO: Japan's SoftBank Group Corp said on Tuesday that it was considering investing in Uber Technologies Inc  but there was no final agreement at this stage.

"If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may not make an investment," it said in a statement.

Uber said earlier this week that a planned deal with SoftBank and Dragoneer Investment Group was moving forward. The investment could be worth up to $10 billion, two people familiar with the matter previously told Reuters.

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