Author: Tech Crunch Online News

Uber acquires bike-share startup JUMP

Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now hearing that… Continue reading Uber acquires bike-share startup JUMP

Grab delays shuttering Uber app in Southeast Asia as Singapore probes merger deal

Fans of Uber in Southeast Asia will have a little more time to continue using the app after Grab, the rival that is acquiring Uber’s business in the region, agreed to extend the life of the app until April 15 while Singapore’s competition commission reviews the merger deal. Grab had originally intended to close the… Continue reading Grab delays shuttering Uber app in Southeast Asia as Singapore probes merger deal

UberX to be parked in Greece after law change

Uber is suspending another international service while it assess whether there’s a business case to continue operations after regulatory changes. In a blog post announcing the impending suspension of its UberX service in Athens, the company writes: “New local regulations were voted on recently with provisions that impact ridesharing services. We have to assess if… Continue reading UberX to be parked in Greece after law change

Alibaba is preparing to invest in Grab

Fresh from announcing a deal to buy out Uber in Southeast Asia, Grab looks set to gain further firepower with Chinese e-commerce giant Alibaba preparing to invest in the ride-hailing firm. Alibaba is in the early stages of making an investment in Grab, two sources with knowledge of discussions told TechCrunch. Isn’t yet clear what… Continue reading Alibaba is preparing to invest in Grab

JUMP Bikes weighing Uber $100m+ acquisition, investment offers

JUMP Bikes, the on-demand biking service that integrates with Uber, has been weighing both acquisition and investment offers. A decision has not yet been reached, but right now possible options include a sale to Uber at a price that exceeds $100 million, or a venture investment round, multiple sources tell TechCrunch. One of the possible… Continue reading JUMP Bikes weighing Uber $100m+ acquisition, investment offers

Uber’s India rival Ola could add public transport services following latest acquisition

The rumors are true, India’s Uber rival/potential-future-M&A-buddy Ola has acquired transportation startup Ridlr in an undisclosed deal. Mint reported the imminent transaction last week, describing it as a fire sale, and today Ola confirmed the deal. The terms are undisclosed so you can make of that what you will. Founded in 2010, Ridlr operates as a… Continue reading Uber’s India rival Ola could add public transport services following latest acquisition

NTSB is ‘unhappy’ about Tesla publicly disclosing details of fatal crash

Tesla provided some more details on Friday about the fatal crash involving one of its Model X vehicles, but the National Transportation Safety Board isn’t particularly happy about that, The Washington Post first reported. “In each of our investigations involving a Tesla vehicle, Tesla has been extremely cooperative on assisting with the vehicle data,” NTSB spokesperson… Continue reading NTSB is ‘unhappy’ about Tesla publicly disclosing details of fatal crash

Singapore says Uber-Grab deal may violate competition laws

Uber’s exit from Southeast Asia is under scrutiny from regulators in Singapore who believe that Grab’s purchase of the U.S. firm’s business in the region may violates competition laws. Singapore-based Grab, Uber’s chief rival in the region, announced the acquisition of Uber’s Southeast Asian business on Monday. In return, Uber is taking 27.5 percent of the Grab… Continue reading Singapore says Uber-Grab deal may violate competition laws