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.
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.
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.
Global ride-hailing service Uber will acquire its Middle East rival Careem for $3.1-billion, the two companies announced on Tuesday.
Government needs to double its efforts if it’s to deal decisively with tuberculosis.
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.
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, 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 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 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.