Techmeme

Results 1 - 10 of about 79:

Eric Newcomer / Bloomberg:
Sources: Uber-SoftBank deal to see investors buying $1B of Uber shares at current valuation, proceed with $9B tender offer for secondary shares in coming weeks   —  Uber moves closer to selling up to $10 billion in shares  —  Benchmark agrees to put suit against Uber co-founder on hold
Nov 12, 2017, 3:29 PMIn context
Bloomberg:
Leaked Lyft investor document projects the service will command about a third of US ride hailing market by the end of the year, see losses of about $600M   —  Projections see Lyft sales rise, losses of $600 million  —  Fidelity, another Uber backer, may join Alphabet in new round
Nov 10, 2017, 8:45 PMIn context
Bloomberg:
Airbnb's China chief Hong Ge resigns abruptly after four months on the job; its regional director for Asia Pacific Kum Hong Siew will take over in the interim   —  Airbnb still faces stiff challenges from local competitors  —  In a blow to Airbnb Inc., the head of the company's China business …
Oct 24, 2017, 10:35 AMIn context
Eric Newcomer / Bloomberg:
Sources: Uber faces at least five criminal probes from US DoJ, two more than previously reported, including possible violation of price-transparency laws   —  Shortly after taking over Uber Technologies Inc. in September, Dara Khosrowshahi told employees to brace for a painful six months.
Oct 11, 2017, 4:55 AMIn context
Eric Newcomer / Bloomberg:
Uber formally accepts Kalanick's appointments, Thain and Burns, as directors, ahead of a Tues. meeting sources say will address whether to pursue SoftBank deal   —  Potential for $10 billion SoftBank stock deal also on agenda  —  Kalanick's appointments complicate effort to reform company
Oct 2, 2017, 4:45 PMIn context
Eric Newcomer / Bloomberg:
Travis Kalanick appoints Ursula Burns, John Thain to Uber board in clout-bolstering move; Uber says decision “came as a complete surprise to Uber and its board”   —  Kalanick asserts right to pick directors as questions swirl  —  Unclear if Uber's new CEO Khosrowshahi supports board choices
Sep 29, 2017, 10:25 PMIn context
Bloomberg:
Sources: SoftBank agrees to block any plans to elevate Travis Kalanick at Uber, removing an obstacle in ongoing investment talks   —  SoftBank to block any plan to make Kalanick CEO or chairman  —  Uber backer Benchmark wants guaranteed check on former CEO
Sep 27, 2017, 5:15 PMIn context
Eric Newcomer / Bloomberg:
Sources: Uber, facing federal probe into possible overseas bribery, reviews operations in Indonesia, Malaysia, India, South Korea, and China   —  An Uber employee is said to have paid Jakarta police  —  Law firm investigating possible quid pro quo in Malaysia
Sep 19, 2017, 8:48 PMIn context
Eric Newcomer / Bloomberg:
Uber files lawsuit against Fetch Media, owned by Japanese ad firm Dentsu, for click fraud; sources say Uber plans to seek $40M in damages   —  Uber is said to seek at least $40 million from ad agency  —  The ride-hailing company says Fetch sold Uber ‘fake’ clicks  —  Uber Technologies Inc. is accustomed to getting sued.
Sep 19, 2017, 11:10 AMIn context
Eric Newcomer / Bloomberg:
Sources: SoftBank, Didi, Dragoneer, General Atlantic in exclusive talks with Uber, may buy up $12B in stock in two-part deal that hinges on Benchmark dispute   —  SoftBank, Didi, General Atlantic and Dragoneer discuss funding  —  Investors could spend as much as $12 billion in the deal
Aug 15, 2017, 9:10 PMIn context

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