Goldman Sachs Group Inc. has sold off its stake in Uber Technologies Inc. after the ride-hailing startup’s disappointing initial public offering in 2019. Chief Financial Officer Stephen Scherr said on the bank’s...
Egypt competition watchdog approves Uber acquisition of Careem with conditions
The Egyptian Competition Authority (ECA) said on Sunday it had approved ride-hailing group Uber’s acquisition of former regional rival Careem after the regulator agreed to a set of commitments proposed by the U.S.-based...
Travis Kalanick sells almost $1.5 billion of Uber in weeks after lockup
Travis Kalanick’s November selling spree has almost reached $1.5 billion. The Uber Technologies Inc. co-founder sold off about $578 million of stock over three days this week, extending a series of transactions since a...
Travis Kalanick sells 20% of his stake in Uber after lockup
Travis Kalanick sold about 20% of his stake in Uber Technologies Inc. last week. Kalanick, 43, a director at the ride-hailing company, sold 20.3 million shares worth about $547 million that were held in a trust...
Uber India raises Rs 2,539 crore from its parent entity Uber BV
Uber India has raised Rs 2,539 crore from its parent entity Uber BV (the Netherlands). The Indian subsidiary has also moved data of its business and individual users (from its rides and Eats platforms) from Uber BV to...
Uber to buy Chile’s Cornershop as it sets sights on delivering groceries
Uber Technologies Inc said on Friday it would buy a majority stake in Chilean online grocery provider Cornershop as the ride-hailing company seeks to widen its fast-growing food delivery app to include groceries and...
Uber offers $750-mn junk bonds to help finance acquisition of Careem
Uber Technologies is selling junk bonds to help finance its acquisition of Careem in its first debt offering as a public company. The ride-sharing company is looking to issue $750 million of debt due in 2027, according...
Yandex’s joint venture with Uber to buy smaller Russian taxi firm’s assets
Russian internet company Yandex’s joint venture with Uber has agreed to buy Russian taxi firm Vezet’s core business, further cementing Yandex’s role as a major online taxi operator in Russia and neighbouring countries...
Uber buys artificial intelligence firm to advance push on autonomous cars
Uber said Wednesday it has acquired computer vision startup Mighty AI to help advance its technology for self-driving cars. Terms of the acquisition were not disclosed, but the ride-hailing giant said some 40 employees...
Uber nears investment deal for self-driving car unit: WSJ
Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people...
Uber buys rival Careem in $3.1 bn deal to dominate ride-hailing in West Asia
Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire West Asia rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late...
$3.1 billion Uber-Careem deal to be announced this week
Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter. The US ride...