Uber in advanced talks to sell air taxi unit: Axios

By Reuters Staff

1 Min Read

FILE PHOTO: An Uber logo is shown on a rideshare vehicle during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U.S., August 20, 2020. REUTERS/Mike Blake

(Reuters) – Uber Technologies is in advanced talks to sell its air taxi business “Uber Elevate” to aerospace firm Joby Aviation, news website Axios reported bit.ly/37qqMKN on Wednesday, citing sources.

Uber did not immediately respond to a Reuters request for comment.

(This story corrects, Axios earlier story to say Uber is in talks to sell unit, not Uber has agreed to sell the unit)

Reporting by Eva Mathews in Bengaluru

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