A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10...
Swiggy tightens control of its board amid plans to buy Uber Eats
Ahead of a possible acquisition of Uber Eats by Swiggy, the latter has made changes to its articles of association to possibly avoid ceding control to investors of Uber Technologies Inc. in the future. Bundl...
Uber in advanced talks to buy Middle East rival Careem: Bloomberg
Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, Bloomberg reported on Thursday, citing people familiar with the matter. The companies may announce a cash-and-stock...
Uber to appeal Singapore’s competition watchdog decision on Grab deal
Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state’s competition laws, the firm said on Monday. “Our objective...
Uber IPO proposals value company at $120 billion: WSJ
Ride-hailing company Uber Technologies Inc [UBER.UL] could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal...
Singapore competition watchdog fines Grab, Uber $9.5 million over merger
Singapore’s anti-trust watchdog fined ride-hailing firms Grab and Uber a combined S$13 million ($9.5 million) over their merger deal, and ordered Uber to sell vehicles from its local leasing business to any rival that...
Uber in talks to buy food delivery firm Deliveroo: Bloomberg
Ride-hailing company Uber Technologies Inc [UBER.UL] is in early talks to buy food delivery company Deliveroo, Bloomberg reported on Thursday, citing people familiar with the matter. The value of the deal is not known...
Uber is said in talks to acquire Dubai ride hailing firm Careem
Uber Technologies Inc. is in discussions to buy its Dubai-based rival Careem Networks FZ as the ride-hailing giant expands in the Middle East, people familiar with the matter said. A deal could value Careem at $2...
Uber in talks with Dubai’s Careem to merge services in West Asia: Report
Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported on Tuesday, citing three people familiar with the matter. The companies have...
Ola, Uber control 90% of cab market: Would their merger get the CCI’s nod?
In a span of a few years, mobile app-based cab companies have drastically changed the face of public transport in bigger Indian cities. Ever since the homegrown Ola and the international darling Uber made their entry in...
Uber-Grab deal: Singapore watchdog sets interim measures for merged entity
Singapore’s competition watchdog on Friday outlined a set of interim measures for ride-hailing firms Grab and Uber Technologies to ensure an open market as it continued its investigation into their merger in the...
Uber agrees to buy electric cycle-sharing startup JUMP Bikes
Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the...