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The net book value of Xchange Leasing’s more than 30,000 vehicles was roughly $400 million.
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.
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.
The stock sale advertised in the New York Times will enable Uber investors to sell their shares to Japanese investor SoftBank.
This is Airbnb’s latest move to grow its global travel business.
He dismissed the prospect of further consolidation in SE Asia similar to the merger deals Uber struck with competitors in China and Russia.
Just 12 VC-backed tech companies went public in the US in the first three quarters this year, compared to 27 for the same time period in 2014.
Luxe raised $75 million and reached a valuation of about $160 million as investors competed to back on-demand startups.
In his first meeting with Uber employees, Khosrowshahi emphasized recruiting new talent – particularly a CFO – as well as a chairman to help him run the board.
The preliminary investigation is the latest in a series of legal wrangles at Uber.