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SoftBank close to pumping another US$500m into Grab

Move will deepen Japanese conglomerate's commitment in most valuable ride-hailing firm in South-east Asia: report

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Published Fri, Oct 5, 2018 · 09:50 PM

    Singapore

    SOFTBANK Group is reported to be nearing a deal to invest about US$500 million in Grab - a move that will deepen the Japanese conglomerate's commitment in the most valuable ride-hailing firm in South-east Asia.

    SoftBank's investment will be part of the US$1 billion that Grab is seeking in its latest funding, said a Reuters report on Friday.

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