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Technology Stocks : Yandex N.V.
YNDX 36.65+0.4%1:54 PM EDTNews

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To: zax who wrote (72)11/28/2017 9:38:46 AM
From: Glenn Petersen  Read Replies (1) of 75
 
Softbank is looking to stimulate even more ride-sharing consolidation:

A SoftBank deal with Uber may lead to mergers among the competitors in certain countries.

“It happened in China, it happened in Russia. In India and Southeast Asia, rationalizing the competitive environment makes sense,” says Boodry. “Going forward ride sharing in an environment without a lot of competitive pressure looks to be a pretty good business.”


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