The agreement lets SoftBank and other firms invest up to $1 billion in Uber, and proceed with a tender offer in coming weeks to buy up to $9 billion in shares from existing investors.
News, Security
Uber paid 20-year-old hacker to destroy stolen data: Reuters
Uber announced last month that the personal data of 57 million users, including 600,000 drivers in the United States, was stolen in a 2016 breach.1 2587
Uber, SoftBank to prevent Kalanick from future leadership roles
According to a recent report by Bloomberg, the Japanese firm has agreed to block Uber founder Travis Kalanick from returning as CEO and prevent him from being appointed to any of the company’s top ranks.
Uber denied new London operating licence
Transport for London (TfL) has announced that Uber will not be issued a new private hire licence.
Uber appoints Expedia’s Dara Khosrowshahi as new CEO
Reuters reported that Khosrowshahi, 48, would take on the challenge of leading the ride-services company out of a nearly year-long crisis.
Kalanick fires back at Benchmark Capital’s lawsuit
Former Uber CEO Travis Kalanick has fired back at the lawsuit filed against him by one of the company’s top investors, calling it “a fabrication” and accused the firm of threats and intimidation.
‘Uber’s next CEO will not be Meg Whitman’
Hewlett Packard Enterprise CEO Meg Whitman has distanced herself from the prospect of becoming ride-hailing firm Uber’s next CEO in …
Meg Whitman departs HP’s board of directors
Hewlett Packard Enterprise CEO Meg Whitman has officially stepped down as the chairman of HP Inc’s board of directors, effective …
Uber ‘seeking’ SoftBank cash despite $3.5 billion PIF stake
Uber shareholders and its board, led by one of its key early backers Benchmark, have discussed selling some of their …
Uber co-founder Travis Kalanick resigns as CEO
Uber co-founder Travis Kalanick has reportedly stepped down as the company’s chief executive officer.
Transformation Talk | Weekly news round-up 15.06.17
Tahawul Tech brings you Transformation Talk, a weekly roundup of the biggest news in the technology industry.