A major media and technology firm has claimed Uber has been “hired” by Softbank for its ride-hailing services and that the company’s “very existence” could be in jeopardy.
SoftBank has been trying to acquire Uber for about five years but has had its plans questioned by investors.
In a tweet, the company said: “Uber’s existence is not in question at this time.”
The article has been updated to reflect that SoftBank has “been trying to purchase Uber for several years” and that Uber “has been working with a number of partners and stakeholders to further expand its services”.
In an interview with Reuters earlier this month, SoftBank’s general manager Hiroshi Mikitani said the company “could not exclude the possibility of Uber” entering into a deal.
However, Uber has refused to confirm or deny Mikitano’s claims, saying the company has no plans to make such a deal and that Mikitanis report is “completely inaccurate”.
SoftBank acquired Uber from a consortium of Chinese internet firms in 2014 for $62 billion.
It said it would not be entering into any deals with Uber and has said it will not be moving into Uber’s core business.
We are currently working with several partners and entities to expand Uber’s services and we continue to explore all opportunities.”