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SoftBank’s Uber Deal Shows Doubts About Ride-Hailing

Japan’s SoftBank is driving ever deeper into the ride-hailing market. Taking a huge chunk of Uber, even at a substantial discount to previous investors, may still prove costly down the road.

An investor group led by the Japanese technology giant is set to invest up to $10 billion in Uber Technologies, after the ride-hailing firm settled a feud between its co-founder Travis Kalanick and major investor Benchmark that had stood in the way. The deal adds the final piece to SoftBank’s global ride-hailing jigsaw: It has sunk almost…

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