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Uber wins $1bn investment from Toyota, SoftBank fund

19 April 2019, 9:39 AM

Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driver-less ride-sharing services.

The Uber Hub is seen in Redondo Beach, California.

Uber plans to sell around $10 billion worth of stock in IPO

10 April 2019, 5:40 AM

Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.

Raquel Urtasun, chief scientist at Uber Advanced Technologies Group (ATG), attends a Reuters Newsmaker event in New York City.

Uber sees some time before self-driving cars dominate the road

9 April 2019, 6:41 AM

Uber Technologies Inc expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment.


Uber to buy Mideast rival Careem for $3.1 billion

26 March 2019, 11:04 AM

Global ride-hailing service Uber will acquire its Middle East rival Careem for $3.1-billion, the two companies announced on Tuesday.

Govt to double efforts to deal decisively with tuberculosis

15 March 2019, 8:19 PM

Government needs to double its efforts if it’s to deal decisively with tuberculosis.

Uber logo

SoftBank, Toyota in talks to invest in Uber’s self-driving unit: Sources

14 March 2019, 10:42 AM

Uber’s self-driving unit might be set for a billion dollar cash injection. At least that’s if talks pan out with a group of investors including Softbank and Toyota.

The logo of Uber is seen on an iPad, during a news conference to announce Uber resumes ride-hailing service, in Taipei.

Uber hires more IPO underwriters as it prepares to go public

13 March 2019, 7:38 AM

Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut.

uber app

With IPO due, Uber aims to be ‘Amazon of transportation’

3 March 2019, 2:02 PM

Uber, the ridesharing behemoth set to launch a stock offering soon, is aiming beyond sharing car rides to becoming the “Amazon of transportation” in a future where people share instead of owning vehicles.

Lyft races ahead of Uber to Wall Street listing

2 March 2019, 5:22 PM

Lyft filed documents Friday for its stock offering, racing ahead of ride-sharing rival Uber for a Wall Street listing that sets the stage for a series of big venture-backed tech firms to hit public markets. The initial public offering (IPO) filing offered the first glimpse of Lyft’s finances and showed the San Francisco firm lost […]

Uber mobile app.

Uber posts $50 billion in annual bookings as profit remains elusive

16 February 2019, 10:39 AM

Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.

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