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Uber exits Zomato via block deal

August 04, 2022 1:02 am

The block deal comes after the one-year lock-in-period for pre-IPO shareholders of Zomato ended on June 23.

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Uber is said to have explored a sale of Indian ride-hailing arm: Report

June 23, 2022 12:06 pm

Uber and its local-rival Ola had been struggling to eke out a profit in a rapidly growing but price-sensitive market, where constant driver attrition was pressuring margins.

Uber to buy alcohol delivery startup Drizly for $1.1 billion

February 03, 2021 1:06 pm

The Drizly purchase primarily consists of Uber stock, with less than 10% in cash, the companies said in a statement Tuesday. The acquisition excludes Drizly’s cannabis delivery arm, an Uber spokesman said. Uber shares climbed about 7%.

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SoftBank reveals $6.5 billion loss from Uber, WeWork turmoil

November 06, 2019 10:07 pm

The Japanese investment powerhouse on Wednesday reported its first quarterly operating loss in 14 years -- about $6.5 billion --after writing down the value of a string of marquee investments.

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Uber settles for $148 mln with 50 US states over 2016 data breach

September 26, 2018 10:03 pm

The settlement follows a 10-month investigation into a data breach that exposed personal data from around 57 million accounts, including 600,000 driver's license numbers.

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Uber wins U.S. court appeal to push price-fixing case to arbitration

August 18, 2017 9:18 am

In overturning that ruling, Circuit Judge Denny Chin said typical smartphone users would find the disclosures "reasonably conspicuous," even on smaller screens common to mobile devices, and Meyer was not excused for not following the hyperlink. The decision also offered a lift to San Francisco-based Uber, which has been besieged by high-profile problems.