Topic
uber
Uber to Acquire Delivery Hero in $14.8 Billion Deal, Creating Largest Food-Delivery Group Outside China
Uber agreed to acquire Delivery Hero at an equity value of $14.8 billion, creating the largest food-delivery group outside China. The deal, conditioned on a 50% plus one share acceptance threshold, is expected to close in the second half of next year and positions Uber to better compete with Just Eat and DoorDash.
Technology Uber's Autonomous Vehicle Strategy: Lobbying to Slow Robotaxi Adoption to Protect Its Business Model
Uber is lobbying for 'hybrid network' laws that would require human drivers to serve 85% of rides for three years in autonomous vehicle deployments. The strategy, outlined by CEO Dara Khosrowshahi, aims to make Uber the go-to platform for all robotaxi operators. Proposed legislation in New Jersey and Washington DC could force autonomous vehicle developers like Waymo and Tesla to partner with existing ride-hail apps.
OpenAI Appoints Uber's Prabhjeet Singh as Managing Director for India
OpenAI has appointed Prabhjeet Singh, currently Uber's president for India and South Asia, as its managing director for India. He will oversee consumer growth, enterprise adoption, and partnerships, reporting to Kiran Mani, managing director for Asia Pacific.