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Bloomberg:
Sources: Slack raising $250M, led by SoftBank and Accel Partners, valuing the company at more than $5B   —  Messaging startup is set to be valued at more than $5 billion in new funding round.  —  Slack Technologies Inc. is raising about $250 million in a funding round co-led by SoftBank Group Corp. …
Jul 26, 2017, 8:10 PMIn context
Eric Newcomer / Bloomberg:
Sources: Uber could appoint a new CEO within six weeks, says head of HR; shortlist has fewer than six candidates, including HPE's Meg Whitman   —  Uber Technologies Inc. hopes to name a new leader by early September to replace its ousted chief executive officer and steer the ride-hailing business out of a turbulent period.
Jul 26, 2017, 1:25 PMIn context
Eric Newcomer / Bloomberg:
Sources: Lyft's Q2 gross bookings grew ~25% YoY from $800M to $1B+, a faster rate than Uber during the same period   —  The company's gross bookings rose 25% quarter over quarter  —  Lyft has seized on competitor Uber's many public stumbles  —  Lyft Inc.'s business has been booming …
Jul 25, 2017, 1:40 PMIn context
Bloomberg:
Sources: Benchmark, other Uber shareholders have discussed selling some shares to SoftBank; Benchmark initiated the effort to sell stock before the CEO's ouster   —  Uber Technologies Inc. shareholders and its board, led by early backer Benchmark, have discussed selling some of their shares …
Jul 14, 2017, 4:40 PMIn context
Eric Newcomer / Bloomberg:
Uber and Yandex merge ride-sharing services in Russia in $3.7B joint venture; Yandex will invest $100M for a 59.3% stake; Uber will invest $225M for 36.6% stake   —  Yandex to take controlling stake in new combined venture  —  Deal marks Uber's second major global retreat after China
Jul 13, 2017, 7:30 AMIn context
Eric Newcomer / Bloomberg:
Waymo drops 3 of 4 patent infringement claims against Uber, says Uber no longer uses infringing tech; bulk of the case related to trade secrets theft remains   —  Waymo, Alphabet Inc.'s self-driving car division, dropped three of four patent infringement claims in its lawsuit against Uber Technologies Inc …
Jul 7, 2017, 2:00 PMIn context
Eric Newcomer / Bloomberg:
Benchmark confirms Bill Gurley will leave Uber's board of directors, to be replaced by fellow partner Matt Cohler   —  Benchmark partner Bill Gurley is in talks to leave Uber Technologies Inc.'s board of directors, two people familiar with the matter said.  —  If he decides to go …
Jun 21, 2017, 8:17 PMIn context
Bloomberg:
Sources: Amazon expressed interest in acquiring Slack, in a deal that would value the company at $9B+   —  Chatroom company's value said to be at least $9 billion  —  Microsoft boosted competition with Teams chat platform  —  Corporate chatroom startup Slack Technologies Inc …
Jun 15, 2017, 2:00 AMIn context
Eric Newcomer / Bloomberg:
As Travis Kalanick takes leave, the company will strip him of some duties and appoint an independent chair to limit his influence, according to Holder report   —  Travis Kalanick will hand off some duties to COO, chair  —  He plans to take a leave without disclosing return date
Jun 13, 2017, 1:08 PMIn context
Bloomberg:
Sources: Emil Michael believes a weak board and lax legal team at Uber, plus his friendship with Travis Kalanick, led to his ouster, not scandals   —  Emil Michael is replaced by David Richter as business head  —  CEO Travis Kalanick may take leave after series of scandals
Jun 12, 2017, 4:45 PMIn context

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