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UNIS:UBR, Jan 20, 12:40 UTC

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Goa taxi strike: Transport Department warns unions to call off strike or face Ola, Uber competition

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Call off strike or Uber and Ola will operate in Goa, Transport Department warns taxi operators. The government of Goa on Friday warned taxi operators on strike that it would invite cab aggregators such as Uber and Ola to operate in the state if they did not withdraw their “illegal” protest by Saturday, IANS reported. The government of Goa has taken a “strong view” of the strike and asked the Transport Department for a report with details of its participants. The state government has pressed private vehicles and buses into service to deal with the strike.

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Yesterday


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Correction: Uber-Autonomous Vehicles story

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DETROIT — Uber plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year, the service's autonomous vehicle chief said Wednesday. Uber's automous vehicle chief says the service plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year. San Francisco-based Uber started carrying passengers with autonomous vehicles in 2016, first with two Uber employees on board, Meyhofer said. Meyhofer said Uber would start in the same way, gradually expanding the size of the area as mapping is done and vehicles become more capable.

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Uber: Uber takes a step closer to self-driving cars, plans to scrap human back-ups, Auto News, ET Auto

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DETROIT: Uber plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year, the service's autonomous vehicle chief said Wednesday. Advanced Technology Group leader Eric Meyhofer wouldn't give a specific start date but he said Uber won't deploy the driverless cars without human backups unless they are proved safe. Meyhofer said Uber would start in the same way, gradually expanding the size of the area as mapping is done and vehicles become more capable. Meyhofer said Uber is still working on use of the cars when snow covers the lane lines and can't be seen by cameras.

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Ousted Uber co-founder ditches shares for $1.4bn bonanza

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A consortium led by Softbank Group clinched a deal to buy Uber shares from company investors on Thursday. The majority of share sales are based on a $48 billion valuation of Uber. READ MORE: Uber CEO Travis Kalanick quits under pressure from investors. In March 2017, Kalanick was also filmed in a heated discussion with an Uber driver.

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Uber co-founder to become a billionaire

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Travis Kalanick, a co-founder, will net around £1 billion after investors led by a Japanese bank agreed to take a large stake in Uber. Mr Kalanick was formerly chief executive of Uber but was driven out of his job by a series of scandals that have hit the company in recent times. In the past year it has faced a sexual harassment scandal, a lawsuit over allegedly stolen technology and London has withdrawn the company’s licence to operate in the British capital, deeming not ‘fit and proper’ to operate. The deal comes at a time when Uber has been making headlines for a lot of wrong reasons.

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Travis Kalanick Uber founder officially a billionaire

UBR

Uber co-founder Travis Kalanick will become a billionaire, after investors agreed to take a large stake in the ride-hailing firm. Mr Kalanick was driven out of the top job by a series of scandals, but his ties with Uber remain strong. As part of the deal, Uber's board has expanded from 11 to 17 directors, with Softbank's investor group taking two of the new seats. Of that $9.3bn, about $1.3bn is a cash investment in new shares, with the rest going to existing Uber investors.

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SoftBank is now Uber's largest shareholder as deal closes

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SoftBank is now Uber's largest shareholder as deal closesThe deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billionReuters | January 19, 2018, 09:50 IST. The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billion, a 30 percent drop from Uber's most recent valuation of $68 billion. As part of the terms of the deal, Uber will expand its board from 11 to 17 members including four independent directors, limit some early shareholders' voting power and slash the control wielded Kalanick, who remains on the board. SoftBank has added two representatives to Uber's board of directors: Rajeev Misra, who is chief executive of SoftBank's Vision Fund, a $98 billion tech investment vehicle;

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SoftBank is now Uber's largest shareholder as deal closes

UBR

SoftBank is now Uber's largest shareholder as deal closesThe deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billionReuters | January 19, 2018, 09:50 IST. The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billion, a 30 percent drop from Uber's most recent valuation of $68 billion. As part of the terms of the deal, Uber will expand its board from 11 to 17 members including four independent directors, limit some early shareholders' voting power and slash the control wielded Kalanick, who remains on the board. SoftBank has added two representatives to Uber's board of directors: Rajeev Misra, who is chief executive of SoftBank's Vision Fund, a $98 billion tech investment vehicle;

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Thursday, January 18


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Ex-Uber CEO nets $1.4B as company closes Softbank deal

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Travis Kalanick, the former Uber CEO who resigned last year, is walking away with $1.4 billion after the company finalized a new deal, CNBC reported Thursday. Japanese company SoftBank reached an arrangement with Uber, according to the report, making them Uber's largest investor and valuing the ride hailing company at $48 billion. Kalanick was forced out of the company last year amid accusations of a culture rife with sexual harassment. The company was also the target of a massive data breach late last year.

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SoftBank is now Uber's largest shareholder as deal closes

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January 19, 2018 5:31 am JST (Updated January 19, 2018 10:48 am JST). SoftBank is now Uber's largest shareholder as deal closes. SAN FRANCISCO (Reuters) -- A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

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