Uber sells air taxi business Elevate to Joby Aviation, shedding its last moonshot – ITPro.works

Uber has offloaded its air taxi enterprise Elevate to Joby Aviation, the last of several moonshots to be sold by the ride-hailing company in a pursuit to stick to its … Read More

Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B – ITPro.works

Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that … Read More

Huawei sells budget phone unit Honor to government, distribution partners – ITPro.works

After weeks of rumors, Huawei confirmed it is selling its budget phone unit Honor to a consortium of companies, including government-backed firms and Honor’s distribution partners, according to a joint … Read More

YCharts sells to PE firm in all-cash transaction as it looks to pass $15M ARR this year – ITPro.works

This morning, YCharts, a financial data and charting service, announced that it has been purchased by LLR Partners, a private equity firm. The companies are dubbing the transaction a “growth … Read More

Uber sells $500M stake in its freight business as the ride-hailing giant works to conserve cash – ITPro.works

One year ago, Uber’s business model could be categorized as an “all of the above approach,” a strategy to generate revenue from all forms of transportation, including ride-hailing, micromobility, logistics … Read More

WeWork sells majority stake in Chinese entity, seeks localization – ITPro.works

Four years after its foray into the Chinese market followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork’s Chinese unit has secured … Read More

India’s Reliance Jio Platforms sells $1.5 billion stake to Saudi Arabia’s Public Investment Fund – TechCrunch

Billionaire Mukesh Ambani has found yet another high-profile firm to write a massive check to his telecom venture Reliance Jio Platforms at the height of a global pandemic. Saudi Arabia’s … Read More

Advertisements