New Uber CEO Dara Khosrowshahi to make first visit to Japan in February
Uber Technologies Inc.'s Dara Khosrowshahi has scheduled his first visit to Asia since taking over as chief executive officer amid questions about the ride-hailing giant's future in the region. Khosrowshahi will visit Japan and India during the week of Feb. 19 to meet business and ...
Uber's use of Wickr encrypted messaging system may set legal precedents
Top executives at Uber Technologies Inc. used the encrypted chat app Wickr to hold secret conversations, current and former workers testified in court this week, setting up what could be the first major legal test of the issues raised by the use of encrypted ...
SoftBank reportedly offering to buy Uber shares at steep discount
SoftBank Group Corp. and a group of investors are said to be trying to buy a big stake in Uber Technologies Inc. at a sizable discount to the ride-hailing company's $69 billion valuation, seeking to clinch what would be one of the largest ever ...
Uber board seen pursuing reforms, SoftBank stock deal, and to pare ex-CEO's voting power
Uber Technologies Inc. directors plan to vote Tuesday on board reforms and whether to pursue a major stock deal with SoftBank Group Corp. despite the surprise appointment of two new members by ousted Chief Executive Officer Travis Kalanick, two people familiar with the matter ...
Softbank agrees limits on Kalanick's power to proceed with investment in Uber
SoftBank Group Corp. has agreed to block any attempts to elevate Travis Kalanick — controversial former leader of Uber Technologies Inc. — back to the company's top ranks, according to people familiar with the discussions. The decision removes a major obstacle from the Japanese firm's ...
Uber changes tone after London authorities suspend license, says its ready to make concessions
Uber Technologies Inc. is prepared to make concessions to restore its revoked London taxi license, the Sunday Times reported, two days after the ride service said it will fight the suspension in court. Tom Elvidge, general manager of Uber in London, told the newspaper his ...
Uber sues Dentsu's Fetch for $40 million over alleged click fraud on right-wing news site Breitbart
Uber Technologies Inc. is accustomed to getting sued. Now it's doing the suing, and it's partly thanks to Breitbart News. The global ride-hailing company is taking advertising agency Fetch Media Ltd. to court for click fraud, alleging that the firm improperly billed Uber for "fake" ...
Uber in the crosshairs as Japan's SoftBank helps rivals raise $9 billion
Uber Technologies Inc. is at risk of losing out on another big chunk of the global market. Grab, the leading provider of ride-hailing services in Southeast Asia, said Monday it raised $2 billion from SoftBank Group Corp. and China's Didi Chuxing and expects to receive ...
Uber's board, shareholders rumored to have discussed sale of shares to SoftBank, others
Uber Technologies Inc. shareholders and its board, led by early backer Benchmark, are rumored to have discussed selling some of their shares to Japan’s SoftBank Group Corp. and other potential investors.
