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Uber To Buy Alcohol Delivery Service Drizly For $1.1B

Uber announced Tuesday, February 2, that it is acquiring alcohol-delivery service Drizly for US$1.1 billion in stock and cash, reported CNBC. Following the completion of the...
Uber

UK To Probe Uber’s Autocab Deal

Uber’s planned acquisition of Autocab is being investigated by the UK’s Competition and Markets Authority (CMA) for suspected anticompetitive behavior, Reuters reported on Friday,...
Uber & Lyft

Uber, Lyft Drivers File Lawsuit Over Prop 22 In California

Gig workers in California who drive for Uber, Lyft, and other rideshare and delivery platforms have filed a lawsuit in the state’s Supreme Court...
Uber

Uber Must Pay S$6.6M Fine Over Merger Deal In Singapore

Singapore’s Competition Appeals Board has upheld fines of S$6.6 million (US$4.97 million) levied against Uber, affirming that its merger deal with ride-hailing rival Grab...
Uber_1018494355

Uber Sells Self-driving Car Unit To Start-up Aurora

Uber Technologies sold its self-driving car division to Aurora Innovation and took a stake in the start-up, pulling back from its vision for a...
Uber

Uber Officially Completes Its $2.65B Postmates Buy

Uber has completed its US$2.65 billion purchase of food-and-grocery delivery service Postmates, the company has announced, reported TechCrunch. The deal sees the two companies...
Uber

Uber Is In Talks To Sell Its Self-Driving Unit

Uber is in talks to sell its autonomous vehicle unit to startup competitor Aurora Innovation, TechCrunch reported. Eighteen months ago, Uber’s  self-driving car unit, Uber Advanced...
Uber & Lyft

CA Passes Prop 22, Exempting Uber & Lyft From Classifying Workers...

California voters have passed Proposition 22, which would again classify app-based transportation and delivery drivers as independent contractors, reported CNBC. Uber and Lyft spent over...
Capitol Hill

What Capitol Hill’s ‘Horizontal’ Block Means For Big Tech – And...

By PYMNTS The growth of the connected economy is predicated on – and is propelling – the emergence of online platforms. Those platforms – through Uber, Amazon, eBay...
Uber

DOJ Is Reviewing Uber’s Plan To Buy Postmates

The US Department of Justice (DOJ) is taking a closer look at Uber's plans to buy Postmates, Uber disclosed in a regulatory filing. In the...
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