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Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.
Uber said on Thursday that it discussed a massive data breach with potential investor SoftBank Group ahead of going public with details of the incident on Tuesday.
Uber launched its appeal on Friday morning against Transport for London’s decision not to renew its private hire licence.
Former Uber CEO Travis Kalanick on Friday unilaterally appointed two new members to the board of directors in a surprise move that increased tension within the leadership of the popular ride service.
The head of Uber apologised Monday for “mistakes” made by the US ride-sharing app after London authorities refused to renew its licence, but still vowed to appeal the decision.
Uber Technologies Inc’s new Chief Executive Dara Khosrowshahi told employees on Wednesday the ride-services company would change its culture and may go public in 18 to 36 months.
Dara Khosrowshahi may have been the compromise choice for Uber Technologies Inc’s new chief executive.
Former national publicity secretary of the Peoples Democratic Party (PDP), Olisa Metuh yesterday declared that the outcome of the party’s recent national convention has repositioned it to take over power in 2019.
The National Youth Service Corps (NYSC) has appealed to the Bauchi State government to reconnect the corps members’ permanent orientation camp at Wailo, Ganjuwa Local Government Area of the state to the national grid so that the camp community would enjoy electricity supply like other places in the state.
The National Union of Road Transport Workers (NURTW), has set up a task force to ensure that drivers comply with traffic regulations on the highways in order to guarantee passengers’ safety.
San Francisco technology companies including Twitter, Salesforce.com, Uber and Airbnb lost an important ally on Tuesday with the sudden death of Mayor Ed Lee.
Gov. Nasiru El-Rufai of Kaduna State, on Wednesday in Kaduna, inaugurated a complex called ‘Poultry Disease Diagnostic Laboratory’ to serve the 19 Northern States.
The Federal Civil Service Commission (FCSC) has issued a disclaimer to the viral job advertisement in the social media.
Thousands of firefighters battled raging wildfires in California on Saturday that have forced hundreds of thousands of people to flee the Los Angeles area, as well as outbreaks closer to San Diego.
Kwara State Governor, Alhaji Abdulfatah Ahmed, has approved the release of N82million for the reconstruction of the collapsed Alagbado Bridge in Ilorin East Local Government Area of the State.
The United States has granted Madagascar $1.2 million to support the preparations for next year's elections.
As the Peoples Democratic Party (PDP) set to hold its national convention in Abuja to elect national officers of the party on Saturday (today), leaders, elders and members of the Peoples Democratic Party (PDP) in Ogun State, have called for a hitch-free national convention.