Rollup: Mutual Shareholder Softbank Calls For Merger Betwixt Uber, Ola Inward India

From the Business Standard:

Japanese investor is the largest shareholder inward both companies

Japanese investment giant SoftBank has called for a merger betwixt homegrown Ola together with the United States of America theatre Uber’s Republic of Republic of India unit of measurement every bit utilisation of its planned consolidation inward Asia’s fast-growing ride hailing app market. The talks, facilitated past times SoftBank, which is the largest investor inward both companies, direct maintain been going on for nigh a year, according to sources only about the development. However, inward the past times few days, this telephone phone for a merger betwixt Uber together with Ola has gathered steam. Softbank’s force for consolidation inward India’s ride hailing marketplace comes days later Uber announced its run out from Southeast Asia later selling its local unit of measurement to challenger Grab. Post the completion of that deal, Uber volition command 27.5% stake inward the combined entity. “Talks direct maintain been on betwixt the senior executives of both the firms (Uber together with Ola),” said 1 of the persons alongside straight noesis of the talks, declining to state who the officials are given that the data is non world yet. “The bargain may locomote unopen inward a duo of months,” the somebody added. Another rootage added that SoftBank is inward favour of Ola acquiring the Indian unit of measurement of Uber, but the finer details of the bargain are beingness discussed. Both companies are looking at having a controlling stake inward the combined entity, which is likewise why the talks direct maintain been progressing relatively piece of cake then far....MORE

Can Didi+Uber = Düber locomote far behind? 
(note fashionable utilisation of umlaut)