Techmeme

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Bloomberg:
Sources: Uber to announce the $3.1B acquisition of Dubai-based Careem soon, paying $1.4B in cash and $1.7B in convertible notes at a price of $55 per Uber share   —  Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ …
Mar 24, 2019, 10:38 AMIn context
Clay Chandler / Fortune:
Inside the rivalry between Southeast Asia's Grab and Go-Jek, the ride-hailing services evolving to provide everything from groceries to mortgages   —  The rival ride-hailing services are now dueling to deliver everything from groceries to mortgages to Southeast Asia's middle class.
Mar 23, 2019, 5:05 AMIn context
Jon Russell / TechCrunch:
Indonesia-based trucking logistics startup Kargo comes out of stealth, raises a $7.6M seed round led by Sequoia with Travis Kalanick's 10100 participating   —  Travis Kalanick may be busy cooking up a cloud kitchen business, but that hasn't stopped the former Uber CEO's VC fund from making its first investment in Southeast Asia.
Mar 22, 2019, 2:00 PMIn context
Eric Newcomer / Bloomberg:
Source: Uber picks the NYSE for its upcoming IPO; Lyft will start trading next week on Nasdaq   —  - Listing is likely to be the biggest public offering this year  — Company expected to officially file for its IPO in April  —  Uber Technologies Inc. has selected the New York Stock Exchange …
Mar 21, 2019, 7:20 PMIn context
Kirsten Korosec / TechCrunch:
Uber says Freight, which connects truck drivers to shipping companies, is expanding to Europe, starting in the Netherlands   —  Uber Freight, the newly spun out Uber business unit that helps truck drivers connect with shipping companies, is kicking off its global expansion plans.
Mar 20, 2019, 2:10 PMIn context
ABC:
Sources: Uber used a program codenamed Surfcam, made in 2015, to steal drivers from an Australian rival by tracking their cars online and scraping driver info   —  Four Corners By Sean Nicholls, Peter Cronau and Mary Fallon  —  International rideshare giant Uber used a secret spyware program …
Mar 20, 2019, 2:35 AMIn context
Financial Times:
Israeli ride-hailing service Gett, which anticipates becoming profitable later this year, is planning an IPO on either the London Stock Exchange or in Israel   —  Taxi-hailing company Gett, which anticipates becoming profitable later this year, is planning an initial public offering to cash …
Mar 18, 2019, 10:05 AMIn context
Shira Ovide / Bloomberg:
Lyft's average revenue of $3.75 per ride is about the same for car trips as for bicycles and scooters, which incur no driver-related costs   —  What does it say about Lyft's financial viability that each car ride is worth the same as a scooter or bike trip?  You decide.
Mar 15, 2019, 10:30 AMIn context
Maggie Fitzgerald / CNBC:
TPG Capital fires Bill McGlashan, who managed TPG Growth, an investor in Airbnb, Spotify, and Uber, after the DOJ charged him in a college admissions scandal   —  - TPG's Bill McGlashan was fired from the private equity firm on Thursday amid the massive college cheating scandal.
Mar 14, 2019, 7:15 PMIn context
Reuters:
Sources: Uber will issue its public S-1 and start its IPO roadshow in April   —  Carl O'Donnell, Heather Somerville  —  (Reuters) - Ride-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft Inc …
Mar 14, 2019, 4:30 PMIn context

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