Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant. Uber Technologies Inc. confirmed the investment in a statement Sunday without giving details. Uber's statement said it reached an agreement with a consortium led by SoftBank and Dragoneer Investment Group. Both sides ended their feud on Sunday, clearing the way for the SoftBank investment, the person said. But there will likely be some wrangling over how much shares are worth in the coming weeks.

Source: CBC News November 13, 2017 14:26 UTC