SoftBank Group set to invest $1 billion in Uber

Uber is about to get a hefty investment! The Japanese conglomerate SoftBank is investing $1 billion in the company. While Uber has not further elaborated on the investment it's believed SoftBank will also buy up to $9 billion in Uber shares. This means, SoftBank will own up to 14 percent of the company. “We believe this agreement is a strong vote of confidence in Uber’s long-term potential." Uber statement