The report also cited a person close to SoftBank as saying that the Japanese telecom and Internet conglomerate had no plans to buy a stake in Uber.
If any such deal goes through, it could have implications for India. For, SoftBank has a significant stake in Ola, which competes against Uber in India. Ola had secured Rs 1,675 crore ($260 million) in fresh funding from SoftBank in April this year.
Ref: VCCircle Story