Uber Freight Completes Acquisition of Transplace
Uber Freight has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction.
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Uber Acquires Drizly for $1.1 billion
Uber to acquire on demand alcohol marketplace platform Drizly for approximately $1.1 billion in stock and cash deal.
Joby Aviation acquires Uber Flying Taxi Business
Joby Aviation acquires Uber Flying Taxi Business ‘Uber Elevate’ and raises $75 million in funding.
Aurora acquires Uber’s self-driving Unit, Raises $400 Million from Uber
Aurora acquires Uber’s self-driving unit, Advanced Technologies Group, and raises $400 million investment from the ride hailing firm.
The Logistics arm of Uber, Uber Freight Raises $500 Million
Uber Inc and Greenbriar invest $500 million in Series A funding round of Uber Freight to expand the reach of the company in the logistics domain.
Uber Launches Its First Bus Service in Egypt
Ride-hailing company Uber launched world’s first intercity Bus service in Egypt using the Uber app.
Uber to Acquire Postmates in $2.65 billion deal
Uber will acquire food delivery platform Postmates for approximately $2.65 billion.
Uber Post USD 2.9 billion Loss in Q1 2020
Ride-hailing platform Uber lost USD 2.9 billion in the first quarter of 2020 due to the coronavirus pandemic.
Zomato acquires Uber Eats India Operation
Zomato has acquired the Indian business of Uber Eats in an all-stock deal and will give its 9.99 percent stake to Uber.
Uber CEO Criticize After Calling Jamal Khashoggi Murder a Mistake
Uber CEO Dara Khosrowshahi criticised for calling Washington Post columnist Jamal Khashoggi murder “a mistake”
Uber Loss Widens amid Costs Rise
Uber posted a third-quarter result which shows the loss of the company widens in each quarter of 2019.
Uber, Lyft & Doordash Threatened to Spend $90M on California ballot fight
Uber, Lyft and DoorDash threatened to spend $90 million on a California ballot measure if they can’t reach a deal over the rights of their drivers and other so-called gig workers.