2019 04 01T033855Z 1 LYNXNPEF3017V RTROPTP 3 TELECOMS MOBILEWORLD original
World News

Rakuten says to book $990 million gain on Lyft investment

Japan’s Rakuten said on Monday it will book a 110 billion yen (£759 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 9 percent higher at $78.29 […]