Heather Somerville
Stories by Heather Somerville
Uber IPO: What it means for its investors globally
Uber's investors come in all stripes: state-owned banks and corporations, sovereign wealth funds, VC funds, business conglomerates and public pension
Chinese investments in US startups peak at $3.6b in 2018, ‘uncertainty’ ahead
The robust investment comes in despite policy headwinds but going ahead, hostile conditions may lead to a dropoff in Chinese funding this year.
Uber continues to spar with local officials world over ahead of IPO
In its IPO filing, the company said it is "using a proactive and collaborative approach with regulators" and "rebuilding and strengthening" its rela
SoftBank said to have invested $20m into Mexican fintech startup Clip
SoftBank struck the deal shortly before announcing in March that it would launch the $5 billion Innovation Fund focusing on Latin America.
Uber nabs $1b funding from SoftBank, Toyota for self-driving unit
SoftBank will invest $333 million from its Vision Fund while Toyota and Denso will put in $667 million.
SoftBank to give up board seats, take on passive role in startups to get US nod on tech deals
SoftBank has agreed to give up board seats, access to sensitive information, take a more passive role in startups to get US clearance for its technolo
Uber acquires Dubai-based rival Careem in $3.1b deal, ahead of much-awaited IPO
The acquisition makes Careem a wholly owned subsidiary of Uber and will keep the Careem brand and app intact, at least initially.
Uber said to be preparing for IPO kick-off in April
The timing for Uber's IPO means it will most likely hit public markets soon after Lyft completes its own public offering, which is expected to happen
Lyft’s IPO filing shows rising revenue, growing losses
Lyft's revenue was $2.16 billion (1.63 billion pounds) for 2018, double the previous year and up 528 percent from 2016.
Uber, Lyft may offer shares to some drivers in stock market listing
Drivers who have driven the longest and logged the most miles for the companies may get the rare chance to purchase stock in the IPO, before shares be
