Search Results for:Heather Somerville

Dropbox IPO price range values firm nearly a third below peak

Dropbox set a price range of $16 to $18 per share, which would raise up to $648 million in the IPO. The pricing is about a 30% drop from the $10 billion valuation it earned in early 2014 after a BlackRock-led financing round.

Norwest Venture Partners raises $1.5b for its largest-ever fund

The new fund comes just two years after Norwest raised a $1.2 billion fund, which was at that time the firm’s largest.

Grocery delivery startup Instacart raises $200m to take on Amazon

The funding boosts its valuation and providing new resources for the startup to compete against heavyweight Inc.

Uber rejected $500m settlement with Waymo before reaching deal

Waymo finally agreed to a deal of $245 million in Uber equity.

SoftBank is now Uber’s largest shareholder as deal closes

Investors will take 17.5% in Uber with SoftBank keeping 15%, triggering a number of governance changes at Uber.

Uber working on deal to sell US car-leasing business to Fair

The net book value of Xchange Leasing’s more than 30,000 vehicles was roughly $400 million.

Uber investor Pishevar departs venture firm Sherpa Capital amid harassment claims

Pishevar said in a statement provided by his lawyer that he was voluntarily leaving Sherpa Capital, which he co-founded, because of ongoing “untruthful attacks” against him.

Uber’s Chinese rival Didi Chuxing to enter Mexico next year

Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm in the world, after Uber Technologies Inc.

Uber’s data hack cover-up reveal coincides with stock sale precursor to SoftBank deal

The stock sale advertised in the New York Times will enable Uber investors to sell their shares to Japanese investor SoftBank.

Airbnb acquires Accomable to offer home rentals for disabled travelers

This is Airbnb’s latest move to grow its global travel business.