SoftBank is selling about $2.1 billion of its stake in Uber, Bloomberg reported. The move comes after the shares of Chinese ride-hailing giant Didi Global, in which SoftBank owns a 20.2% stake, tumbled earlier this month due to the Chinese regulator’s crackdown on the company. SoftBank, which owned 184 million Uber shares as of March 31, is selling 45 million shares, according to Bloomberg....
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The Briefing Apple Entertainment
Apple’s Mac Renaissance
For a company as routinely successful as Apple, continued success can get repetitive. Tonight’s earnings call, for instance, was so full of the usual hyperbole about record revenues that Chief Financial Officer Luca Maestri repeated a segment of his commentary without missing a beat. But within the eye-glazing recitations of Apple’s various records—and, for the TV service, its award nominations...
DOJ, State AGs say Epic Games Antitrust Ruling Was Wrong
SoftBank COO Marcelo Claure To Leave Firm
Robinhood Stock Sinks as it Forecasts Steep Drop in Revenue
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