SOFTBANK HAS ITS EYES ON UBER, LYFT

The Denver Post - - BUSINESS -

TOKYO» SoftBank Group Corp. CEO Masayoshi Son ex­pressed ea­ger­ness to in­vest in Uber Tech­nolo­gies or Lyft to gain ac­cess to the U.S. ride-hail­ing mar­ket af­ter sim­i­lar in­vest­ments in Asia.

“We are in­ter­ested in dis­cussing with Uber. We are also in­ter­ested in dis­cussing with Lyft,” the SoftBank leader said Mon­day dur­ing a news con­fer­ence, ad­ding that he wasn’t sure what form an in­vest­ment would take. “The U.S. is a very big mar­ket, the most im­por­tant mar­ket, so we are def­i­nitely very much in­ter­ested.”

Son, founder and head of the Ja­panese tech­nol­ogy and telecom­mu­ni­ca­tions group, has stepped up his al­ready fre­netic deal­mak­ing pace as he ap­proaches his 60th birth­day this week.

He said he was close to a deal in­volv­ing SoftBank-con­trolled U.S. wire­less op­er­a­tor Sprint Corp. that would trig­ger con­sol­i­da­tion in the U.S. tele­com in­dus­try.

Iran has deal with Re­nault. TEHRAN» Iran signed its big­gest car deal to build tens of thou­sands of cars an­nu­ally un­der a joint ven­ture with French au­to­mo­bile man­u­fac­turer Groupe Re­nault, buoy­ing its man­u­fac­tur­ing in­dus­try in de­fi­ance of the Trump ad­min­is­tra­tion’s moves to iso­late the coun­try.

The $778 mil­lion deal fol­lows the lift­ing of the U.N. and Euro­pean Union sanc­tions af­ter Iran’s 2015 nu­clear agree­ment with world pow­ers to curb its con­tro­ver­sial ura­nium en­rich­ment pro­gram, a pos­si­ble path­way to nu­clear weapons.

It came just days af­ter new U.S. sanc­tions on Iran were signed by Pres­i­dent Don­ald Trump, who spoke with French Pres­i­dent Em­manuel Macron over the week­end about ways to counter Iran’s in­flu­ence in Mideast con­flicts.

The U.S. leg­is­la­tion, first passed by Congress, im­poses penal­ties on peo­ple in­volved in Iran’s bal­lis­tic mis­sile pro­gram and any­one who does busi­ness with them.

In­te­rio re­peals coal roy­al­ties rule. WASH­ING­TON» The In­te­rior Depart­ment scrapped an Oba­maera rule on coal roy­al­ties that min­ing com­pa­nies had crit­i­cized as bur­den­some and costly.

The Trump ad­min­is­tra­tion put the royalty val­u­a­tion rule on hold in Fe­bru­ary af­ter min­ing com­pa­nies chal­lenged it in fed­eral court. Of­fi­cials later an­nounced plans to re­peal the rule en­tirely.

The fi­nal re­peal no­tice was pub­lished Mon­day in the Fed­eral Reg­is­ter and takes ef­fect Sept. 6.

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