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Meituan was most recently valued at $30 billion, making it the world’s fourth most valuable startup, according to CB Insights.
Andreessen Horowitz could make nearly $1 billion off its investment in GitHub.
During negotiations, Uber CEO Dara Khosrowshahi reportedly proposed decreasing the size of the deal to $2 billion, hoping to get Buffett’s backing while giving him a potentially smaller share of the company. The deal fell apart after the two sides couldn’t agree on terms.
Lime, one of Bird’s primary competitors, has already raised $132 million and is closing another round of financing. But unless that round closes sooner than expected, and for more than $1 billion in valuation, Bird will soon become the first scooter unicorn.
Uber also announced that investment firms Coatue Management, Altimeter and TPG plan to purchase $400-600 million in Uber stock from existing shareholders.
Before joining VMware, Rowe was CFO at Continental Airlines and led North American sales for Apple Inc.
A deal will mark Uber’s exit from yet another major market.
Kalanick is buying a controlling stake in a distressed real estate company called City Storage Systems for $150 million and installing himself as CEO.
Magna International Inc. and Lyft will share the intellectual property from co-developing autonomous vehicles, and Magna will be free to sell the technology to car companies.
The truce would bring to an end a bruising battle for leadership in SE Asia’s ride-hailing market.