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Rakuten books $240m write-down on Lyft investment, CEO Mikitani exits board

Rakuten books $240m write-down on Lyft investment, CEO Mikitani exits board

REUTERS/Yuya Shino

Japanese e-commerce group Rakuten announced Monday a 25 billion yen ($237 million) write-down on its investment in Lyft, with CEO Hiroshi Mikitani resigning from the board of the US ride-hailing company.