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Uber Technologies Inc. shareholders have agreed to sell a sizable stake in the ride-hailing leader to an investor group led by SoftBank Group Corp allowing the Japanese conglomerate to amass a piece of the company at a steep discount to the last valuation.
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.
The Kebbi Government on Saturday married off 100 widows and divorcees in a mass wedding held in the palace of Emir of Argungu, Samila Mera.
Zamfara State Governor Abdul’Aziz Yari Abubakar has called on state legislatures to synergise and collaborate with the executive arms for government to meet public expectations and deliver promises to the people.
Ango Abdullahi, chairman, board of trustees (BOT) of the Northern Elders Forum (NEF), says the northern region of the country will resist restructuring.
Bauchi south senator, Ali Wakili, who died Saturday, was this afternoon buried at Gudu cemetery, Abuja.
Newcastle boss Rafael Benitez believes 40 points will be enough to secure their Premier League status with his side eight points off that target.
Syrian regime forces continued their offensive against Eastern Ghouta Sunday, a day after they cut off the rebel-held enclave's largest town, pressing on with a 20-day assault that has left more than 1,000 civilians dead.
Ahead of President Muhammadu Buhari’s visit to Benue on Monday, security has been beefed up, the News Agency of Nigeria (NAN) reports.
A 50-year old man, Adebayo Ojo, who claimed to be a staff of Eko Electricity Distribution Company, EKDC, has been arraigned before a Lagos Magistrate Court for alleged unlawfully reconnecting, tampering with electricity installations.
Two key Colombia players Bayern Munich midfielder James Rodriguez and Monaco striker Radamel Falcao figure in coach Jose Pekerman’s squad for upcoming friendlies against France and Australia.
Manchester United manager Jose Mourinho left Paul Pogba on the bench once more for Tuesday’s Champions League last 16, second leg against Sevilla with Marouane Fellaini making a surprise return instead.