Japan’s Rakuten said on Monday it will book a 110 million yen ($989.74 million) gain in the quarter through March on its investment in Lyft following the U.S. ride-hailing firm’s listing last week. Rakuten become Lyft’s largest shareholder with a 13 percent stake ahead of its IPO. Lyft shares closed...
The post Rakuten says to book $990 million gain on Lyft investment appeared first on Raw Story.
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