Ola, Uber India merger in works? Softbank turns broker, but uncertainty dogs deal
Cab-hailing services Ola and Uber have once again revived talks to merge their businesses here, in a deal being brokered by Japanese investment firm Softbank that is an investor in both the companies. Source in the know of the development has confirmed that senior executives from both companies have met several times over the past several months. The talks indicate that homegrown Ola will take over Uber India
Softbank is the largest investor in both the companies, and is facilitating the Ola, Uber India merger talks, the source said. Image source: Reuters