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Uber faces pressure in Dubai as regulator signs deal with rival

EghtesadOnline: Ride-hailing service Uber is under pressure in Dubai, one of the Middle East's major markets, after the emirate's transport regulator signed an agreement with local rival Careem and warned other such firms that they must do the same.
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Publish Date:05/October/2016 | 09:12

China's government flexes muscles with Uber , DreamWorks probes

EghtesadOnline: The Chinese government said on Friday it was investigating two high-profile takeover proposals involving U.S. companies, the latest sign of its growing influence on whether deals are approved - even those appearing to have little impact in China.
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Publish Date:03/September/2016 | 10:52

Economists see ride-hailing industry as ripe for competition

EghtesadOnline: Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game.
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Publish Date:28/August/2016 | 07:43

Uber Tells Investors It Wouldn’t Pay Above $2 Billion for Lyft

EghtesadOnline: As Lyft Inc. was gauging interest from prospective acquirers, executives from Uber Technologies Inc. told investors in the past few weeks that the company wouldn't pay more than $2 billion to purchase its main U.S. ride-hailing competitor, said people familiar with the matter.
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Publish Date:21/August/2016 | 10:21

Uber and Bell Helicopter to Bring First Air Taxis by 2025

EghtesadOnline: Bell Helicopter, which has tied up with Uber Technologies Inc. to revolutionize mass transportation, expects to bring the first air-taxis under the partnership by the middle of next decade, according to an executive at the Textron Inc. unit.
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Publish Date:06/February/2018 | 14:49

Mercedes-Benz’s London Ride-Sharing Plan Is a Challenge to Uber

EghtesadOnline: Daimler AG will start ride-sharing shuttles in London later this year, expanding its cooperation with U.S. startup Via Transportation Inc., whose on-demand service racks up 1 million rides a month across New York, Chicago and Washington.
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Publish Date:05/September/2017 | 05:35

Mercedes-Benz’s London Ride-Sharing Plan Is a Challenge to Uber

EghtesadOnline: Daimler AG will start ride-sharing shuttles in London later this year, expanding its cooperation with U.S. startup Via Transportation Inc., whose on-demand service racks up 1 million rides a month across New York, Chicago and Washington.
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Publish Date:05/September/2017 | 05:35

Uber Picks Expedia CEO to Lead Company Out of Crisis

EghtesadOnline: Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi as chief executive officer of the global ride-hailing leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who grew Uber into a $20 billion annual booking business last year before scandals forced him out.
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Publish Date:28/August/2017 | 04:43

Uber Picks Expedia CEO to Lead Company Out of Crisis

EghtesadOnline: Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi as chief executive officer of the global ride-hailing leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who grew Uber into a $20 billion annual booking business last year before scandals forced him out.
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Publish Date:28/August/2017 | 04:43

Former Uber CEO says investor lawsuit a 'public and personal attack'

EghtesadOnline: The ousted chief executive of Uber Technologies Inc rejected a lawsuit filed against him by one of the company's top investors as a "public and personal attack" without merit, according to court documents filed late on Thursday.
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Publish Date:19/August/2017 | 09:02

Former Uber CEO says investor lawsuit a 'public and personal attack'

EghtesadOnline: The ousted chief executive of Uber Technologies Inc rejected a lawsuit filed against him by one of the company's top investors as a "public and personal attack" without merit, according to court documents filed late on Thursday.
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Publish Date:19/August/2017 | 09:02
The lawsuit against Uber's Kalanick is the latest move VCs have made against founders who stack their boards with loyalists and run their companies into the ground.

Benchmark's Uber Suit Signals End of Era for Imperious Founders

EghtesadOnline: When Uber Technologies Inc. backer Benchmark Capital filed a lawsuit against the startup’s founder Travis Kalanick for using allegedly fraudulent means to pack the board with his loyalists, it sent a strong signal that Silicon Valley’s so-called founder-friendly era is coming to an end.
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Publish Date:12/August/2017 | 07:27
Seattle startup Convoy raises $62 million in funding led by Y Combinator.

Bill Gates Backs Uber Freight Rival

EghtesadOnline: As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in a trucking logistics startup that competes with Uber Technologies Inc.
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Publish Date:26/July/2017 | 05:10

Uber CEO Travis Kalanick Quits Under Pressure From Investors

EghtesadOnline: Uber Technologies Inc. Chief Executive Officer Travis Kalanick has resigned after a series of controversies that rocked the world’s largest technology startup and exposed deep problems with its male-dominated culture.
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Publish Date:21/June/2017 | 24:20

Uber CEO to Take Leave, Have Diminished Role After Scandals

EghtesadOnline: Uber Technologies Inc. Chief Executive Officer Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will be run by a management committee as it tries to navigate a wave of scandals.
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Publish Date:14/June/2017 | 06:39

Uber Board Will Weigh Removing Executive Emil Michael

EghtesadOnline: Uber Technologies Inc.’s board is expected to meet Sunday to discuss whether to part ways with top business executive Emil Michael, a chief confidant of Uber Chief Executive Officer Travis Kalanick, according to two people familiar with the matter.
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Publish Date:12/June/2017 | 04:37