SAN FRANCISCO & BOSTON–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and Drizly today announced that they have reached an agreement for Uber to acquire Drizly for approximately $1.1 billion in stock and cash. Drizly is the leading on-demand alcohol marketplace in the United States, available and designed to be fully compliant with local regulations in more… Continue reading Uber: Uber to Acquire Drizly
Author: Uber Official News
Uber: Uber Eats Announces Prescription Delivery in NYC with Nimble
NEW YORK–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced its plans to expand on-demand prescription delivery in New York City, powered by Nimble. Today’s expansion into the Big Apple follows a successful prescription delivery pilot in Dallas, Austin and Houston, Texas. Through this partnership with Nimble, Uber Eats now connects New Yorkers with on-demand prescription… Continue reading Uber: Uber Eats Announces Prescription Delivery in NYC with Nimble
Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of $1.0 billion principal amount of 0% Convertible Senior Notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Uber also granted the initial purchasers of… Continue reading Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering
Uber: Uber Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it intends to offer, subject to market conditions and other factors, $1.0 billion principal amount of Convertible Senior Notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities… Continue reading Uber: Uber Announces Proposed Private Placement of $1.0 Billion of Convertible Senior Notes
Uber: Uber CFO to Participate in Fireside Chat at 2020 Barclays Global Technology, Media and Telecommunications Conference
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) announced today that Nelson Chai, CFO, will participate in a fireside chat at the 2020 Barclays Global Technology, Media and Telecommunications Conference on Thursday, Dec 10, 2020. Mr. Chai is scheduled to appear at 8:00am ET (5:00am PT). A live webcast of the event will be available on… Continue reading Uber: Uber CFO to Participate in Fireside Chat at 2020 Barclays Global Technology, Media and Telecommunications Conference
Uber: Uber Completes Acquisition of Postmates
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it has completed the acquisition of Postmates Inc. in an all-stock transaction, and that the two companies have begun the process of integrating U.S. operations. As previously announced, the transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ beloved business in the U.S.… Continue reading Uber: Uber Completes Acquisition of Postmates
Uber: Uber Announces Results for Third Quarter 2020
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended September 30, 2020. Financial Highlights for Third Quarter 2020 Gross Bookings declined to $14.7 billion, down 10% year-over-year, or 8% on a constant currency basis, with Mobility Gross Bookings declining 50% and Delivery Gross Bookings growing 135% year-over-year, respectively, on… Continue reading Uber: Uber Announces Results for Third Quarter 2020
Uber: The Impact of Third-Party Food Delivery During COVID-19
The COVID-19 pandemic and the resulting public health measures have severely impacted the restaurant industry. With dine-in operations largely prohibited, many restaurants have turned to take-out and delivery models to continue reaching customers, maintain revenue, and stay in business. To better understand the impact of third-party food delivery platforms on restaurants during this time, Uber… Continue reading Uber: The Impact of Third-Party Food Delivery During COVID-19
Uber: Independent couriers’ reaction to employee reclassification: learnings from Geneva
By Alison Stein, Economist at Uber We’ve written before about the impact of switching from a system where independent contractors can use platforms like Uber to one where they have to be traditional employees. In California, our analysis has shown that such a switch would result in a 76% reduction in work opportunities for drivers, due… Continue reading Uber: Independent couriers’ reaction to employee reclassification: learnings from Geneva
Uber: Uber Announces Proposed $500 Million Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that it proposes to offer $500 million principal amount of Senior Notes due 2028 (the “notes”), subject to market conditions and other factors. The notes are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act… Continue reading Uber: Uber Announces Proposed $500 Million Senior Notes Offering