The Presidential Daily Brief


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    SoftBank Reportedly Wants Multibillion-Dollar Uber Stake

    Were they just waiting for the implosion? The Japanese tech behemoth is reportedly eyeing a huge stake in the embattled ride-hailing company, which has recently faced a major intellectual property lawsuit, a sexual harassment probe and its CEO’s departure. Talks are still in preliminary stages: They’ll have to wait until Uber hires a CEO, for one thing. Meanwhile, Uber’s main rival in Singapore, Grab, is making a $2.5 billion play for market share. Similar efforts by Chinese and Russian competitors all but drove Uber out of those countries.

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