Uber seeking options including partial sale for Uber Elevate: Axios
Tweet
Share
E-mail
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid
(Reuters) - Uber Technologies Inc is seeking options for its Uber Elevate business, including strategic partnerships or a partial sale, Axios reported on Friday, citing multiple sources.
The move reflects Chief Executive Officer Dara Khosrowshahi's obsession with achieving profitability, the report added. (https://bit.ly/31f3bub)
Uber declined to comment on the report.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Uber (UBER) Reiterated at Market Outperform by Citizens Amid Waymo Slowdown
- Can Cronos turn production and brand power into a bigger cannabis comeback?
- DataMeds AI stock rises on health app launch
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
