Search Results for:Eric Newcomer

Chinese delivery giant Meituan said to plan $6b HK IPO filing this month

Meituan was most recently valued at $30 billion, making it the world’s fourth most valuable startup, according to CB Insights.

Andreessen Horowitz, Sequoia score big with GitHub’s sale to Microsoft

Andreessen Horowitz could make nearly $1 billion off its investment in GitHub.

Uber said to have received $3b offer from Warren Buffett but deal fell apart

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.

Scooter sharing startup Bird said to be valued at $1b in Sequoia-led round

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 has $2.5b profit to show on paper in Q1, thanks to Grab deal

Uber also announced that investment firms Coatue Management, Altimeter and TPG plan to purchase $400-600 million in Uber stock from existing shareholders.

IPO-bound Uber may rope in VMware’s Zane Rowe for CFO post

Before joining VMware, Rowe was CFO at Continental Airlines and led North American sales for Apple Inc.

Uber agrees to sell Southeast Asian ride-hailing business to rival Grab

A deal will mark Uber’s exit from yet another major market.

Travis Kalanick is CEO again, of a real estate company he just bought

Kalanick is buying a controlling stake in a distressed real estate company called City Storage Systems for $150 million and installing himself as CEO.

Lyft bags $200m from leading auto supplier Magna, strikes self-driving deal

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.

SE Asian ride-hailing major Grab close to acquiring Uber’s business in the region

The truce would bring to an end a bruising battle for leadership in SE Asia’s ride-hailing market.