SoftBank Acquires 20 Percent Stake in Uber

After a several month process, Japanese tech company SoftBank Group has acquired a 20 percent stake in Uber. According to the Wall Street Journal, the acquisition dropped Uber's value by 30 percent from $70 billion to $48 billion. In addition to stakes in Uber, SoftBank brought Sprint in 2012, British chipmaker ARM in 2016 and American robotics company Boston Dynamics in 2017. The tech giant also has stakes in Uber competitors like China's Didi Chuxing, Southeast Asia's Grab, and India's Ola. Fo...