Search Results for:Heather Somerville

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.


Uber’s Khosrowshahi says US market unprofitable, SE Asia overcapitalised

He dismissed the prospect of further consolidation in SE Asia similar to the merger deals Uber struck with competitors in China and Russia.


Tech IPO slump likely to continue as SoftBank, other investors hand out bigger checks

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.


Valet parking startup Luxe latest casualty of on-demand bust

Luxe raised $75 million and reached a valuation of about $160 million as investors competed to back on-demand startups.


New Uber CEO Khosrowshahi promises change, sees IPO in 18-36 months

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.


U.S. probes Uber for possible bribery law violations

The preliminary investigation is the latest in a series of legal wrangles at Uber.