Japanese giant SoftBank dumps its entire stake in Uber as losses mount at its investment unit

SoftBank on Monday disclosed that it sold its remaining stake in U.S. ride-hailing giant Uber as the Japanese conglomerate looks to raise cash amid mounting losses at its investment unit.

The move comes after SoftBank’s Vision Fund, its technology investment vehicle, reported a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter, one of its highest on record.

SoftBank said that it sold its Uber holdings at some point between…