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Uber Technologies (NYSE:UBER) In Negotiations To Acquire Grubhub Inc. (NYSE:GRUB) In An All-Stock Deal

Uber Technologies (NYSE:UBER) has reportedly offered to acquire Grubhub Inc. (NYSE:GRUB) in an all-stock deal that could be finalized this month. This is seen as a move that will enhance its food-delivery service despite the company shuttering parts of the service abroad. Grubhub wants 2.15 Ubers shares for each of its shares Sources familiar with […]

Uber Technologies (NYSE:UBER) Sells Its Uber Eats Segment In India To Zomato For $172 Million

Uber Technologies (NYSE:UBER) has agreed to sell its food delivery business, Uber Eats, in India to Zomato $172 million deal. This underscores the taxi-hailing company’s determination to cut on loss-making operations that have a struggle against the competition. In recent years Uber has offloaded orations in China, Russia, and South. Uber to receive a 9.9% […]

Uber (NYSE:UBER) And Postmates Goes To Court To Block Controversial Gig-Worker Legislation

Uber Technologies (NYSE:UBER) and Postmates have filed a suit against the state of California regarding its controversial “gig worker” bill. Uber oppose gig worker law The controversial law reclassifies most contracts workers as employees instead of independent contractors. The law which targets app-based firms such as Uber and Lyft (NASDAQ: LYFT) requires the companies to […]

Uber (NYSE:UBER) CEO Says The Company Could Soon Offer Retail Delivery Services

Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi has indicated that the ride-hailing company has a similar model as that of e-commerce giant Amazon (NASDAQ:AMZN). Khosrowshahi indicated that Uber can offer more than just booking rides. Uber CEO wants to transform transport marketplace The CEO said that the company is fundamentally distinct from other companies because it […]

Uber’s (NYSE:UBER) Freewheeling Era Is Over As Cities Tighten Regulations On Ride-Hailing

Uber Technologies (NYSE:UBER) is facing regulatory scrutiny across the globe, and it now seems the freewheeling era is over for the taxi-hailing company. The company saw its stock drop by 6% to $29.60. Uber faces a regulatory crackdown Last month it was a month to forget for the ride-hailing company after it was hit with […]

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