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SoftBank grabs a ticket to ride, and Uber is stranded

A SoftBank-led consortium took the Uber stake earlier this year in a US$9.3 billion deal that paid some shareholders and pumped US$1.25 billion directly into Uber.

WHEN your largest shareholder also backs your rivals, and at the same time advises you to surrender some markets to them, you've got to wonder about motives.

The last thing Uber Technologies needs is yet another battle between management and investors, as ousted founder Travis Kalanick's...