Uber Technologies Inc. is spinning out Postmates’ delivery robot operation into a separate startup, marking another chapter in the ride-hailing giant’s attempts to narrow its focus and become profitable. Uber will co...
Uber to buy alcohol delivery startup Drizly for $1.1 billion
Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion, beating out at least two rival companies that held talks with the startup. The deal is Uber’s...
Uber looks to spin off Postmates’ robotics division: TechCrunch
Ride-hailing platform Uber Technologies Inc is looking to spin off the robotics unit of Postmates, a food delivery startup it acquired last year, TechCrunch reported on Friday, citing people familiar with the matter...
CoinSwitch Kuber raises $15 mn from Ribbit, Shah, others
Cryptocurrency investment platform CoinSwitch Kuber has raised $15 million ( ₹109 crore) as part of its Series A funding round, led by global fintech and crypto investor Ribbit Capital and San Francisco-based Paradigm...
SoftBank sells $2 billion of Uber stake after stock recovery
SoftBank Group Corp.’s Vision Fund sold about $2 billion in Uber Technologies Inc. stock, cashing in after an increase in the ride-hailing giant’s shares. An affiliate of the investment fund called SB Cayman 2 sold 38...
Airbus, Safran in approach for Eramet’s Aubert & Duval
Airbus, Safran and aerospace-focused fund Ace Aero Partenaires have submitted a non-binding offer for Aubert & Duval (A&D), the superalloys supplier owned by mining group Eramet, two people familiar with the...
Pandemic-hit Uber sells its self-driving unit to Aurora
Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will...
Uber in advanced talks to sell air taxi unit: Axios
Uber Technologies is in advanced talks to sell its air taxi business, “Uber Elevate”, to aerospace firm Joby Aviation, news website Axios reported on Wednesday, citing sources. Uber did not immediately...
Uber in talks to sell its ATG self-driving unit to Aurora – Report
Uber Technologies Inc is in talks to sell its autonomous driving unit, Uber Advanced Technologies 8(ATG), to self-driving car startup Aurora, a source familiar with the matter told Reuters. The talks are still ongoing...
U.S. Justice Department clears Uber-Postmates deal: Axios
The U.S. Justice Department has cleared Uber Technologies Inc’s acquisition of food delivery company Postmates, news website Axios reported on Monday, citing a source familiar with the matter. Uber announced in...
Uber offers more than €1 billion to buy Daimler/BMW’s freenow: Manager Magazin
Ride-hailing firm Uber has offered more than 1 billion euros to buy Daimler and BMW’s joint mobility services company Freenow, Manager Magazin said on Wednesday. While Daimler is ready to sell, BMW’s Chief...
Uber seeking options including partial sale for Uber Elevate: Axios
Uber Technologies Inc is seeking options for its Uber Elevate business, including strategic partnerships or a partial sale, Axios reported on Friday, citing multiple sources. The move reflects Chief Executive Officer...