Funding talks at Uber, Lyft throw up tangle of alliances

San Francisco

THE only thing changing faster than who is winning the race in the cutthroat world of ride hailing are the shifting behind-the-scenes allegiances between those companies and investors.

At the moment, Uber, the ride-hailing behemoth, is nearing a deal to receive billions of dollars in funding from Japanese conglomerate SoftBank, according to three people with knowledge of the matter who asked not to be identified because the talks are confidential.