Techmeme

Results 1 - 10 of about 171:

Wall Street Journal:
Sources: SoftBank succeeds in bid to buy big Uber stake, will likely limit stake to ~15% of company; deal values Uber at $48B, down 30% from last valuation   —  Uber shareholders tendered about 20% of company to SoftBank, sources say  —  SoftBank Group Corp. has succeeded in its bid to buy …
Dec 28, 2017, 1:04 PMIn context
Greg Bensinger / Wall Street Journal:
Sources: Uber to sell US subprime auto-leasing business, Xchange Leasing, to car marketplace Fair.com; net book value of Xchange's 30K+ vehicles was ~$400M   —  Ride-hailing firm had planned to wind down the business after losses  —  Uber Technologies Inc. has agreed to sell …
Dec 26, 2017, 8:15 AMIn context
Greg Bensinger / Wall Street Journal:
Study: increases and decreases in Uber's base fare have little effect on long-term driver earnings   —  Study co-authored by company finds drivers inevitably take home about the same earnings whether fares go up or down  —  Hours before Uber Technologies Inc.'s chief executive resigned in June …
Nov 12, 2017, 8:10 PMIn context
Greg Bensinger / Wall Street Journal:
Sources: Uber-SoftBank deal in jeopardy, after Kalanick pushed back on provision requiring majority of board to approve any directors he appoints in the future   —  The fresh infighting shows how Mr. Kalanick's role continues to loom over the ride-hailing giant
Nov 1, 2017, 2:57 PMIn context
Greg Bensinger / Wall Street Journal:
Uber board member Arianna Huffington says the firm will likely reach a deal with SoftBank within a week   —  Uber board member Arianna Huffington says the Japanese firm could get a sizable stake in the ride-hailing firm  —  Media mogul Arianna Huffington said it's time to stop worshipping …
Oct 17, 2017, 4:15 PMIn context
Wall Street Journal:
Interview with Uber's HR chief Liane Hornsey on the firm's efforts to improve its work culture since Susan Fowler's blog post   —  HR chief Liane Hornsey talks about what steps the company has taken, and what's still ahead  —  Can Uber Technologies Inc. become a place women want to work?
Oct 9, 2017, 4:55 PMIn context
Greg Bensinger / Wall Street Journal:
Travis Kalanick appoints former Xerox CEO Ursula Burns and former CIT Group CEO John Thain to Uber board in move bolstering his clout, defying Benchmark Capital   —  Surprise move to appoint Ursula Burns and John Thain bolsters former CEO's clout  —  Uber Technologies Inc.'s ousted chief executive …
Sep 29, 2017, 8:05 PMIn context
Greg Bensinger / Wall Street Journal:
Uber shuts down its US auto-leasing business, affecting ~500 jobs, to find “a less capital-intensive approach” after it underestimated the loss per vehicle   —  Decision to close down Xchange Leasing will affect some 500 jobs  —  Uber Technologies Inc. on Wednesday confirmed …
Sep 27, 2017, 2:44 PMIn context
Greg Bensinger / Wall Street Journal:
Sources: Benchmark has told Uber investors it's unlikely to sell any shares to the Softbank consortium, complicating its proposed ~$10B investment in Uber   —  Benchmark representative was only Uber director to vote against deal terms to SoftBank  —  As Uber Technologies Inc. works to finalize …
Sep 21, 2017, 5:20 PMIn context
Wall Street Journal:
Sources: SoftBank could invest up to $10B in Uber for a 17-22% stake, with one source saying the negotiations could conclude as early as next week   —  Japanese firm proposes investment that could total as much as $10 billion  —  An ambitious, monthslong drive by SoftBank Group Corp. 9984 -1.04% …
Sep 14, 2017, 4:00 PMIn context

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