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June 03, 2015 10:11 AM ET

Software

Company Overview of Uber Technologies, Inc.

Company Overview

Uber Technologies, Inc. provides a smartphone application that connects drivers with people who need a ride. The company’s application enables users to arrange and schedule transportation and/or logistics services with third party providers. Uber Technologies serves customers in North, Central, and South Americas, as well as Europe, the Middle East, Africa, and the Asia Pacific. The company has a strategic partnership with Alexandria Real Estate Equities, Inc. Uber Technologies, Inc. was formerly known as UberCab Inc. and changed its name to Uber Technologies, Inc. in October 2010. The company was founded in 2009 and is based in San Francisco, California.

182 Howard Street

Suite 8

San Francisco, CA 94105

United States

Founded in 2009

Phone:

415-986-2104

Fax:

877-223-8023

Key Executives for Uber Technologies, Inc.

Co-Founder, Chief Executive Officer and Director
Co-Founder and Chairman
Head of Global Operations and Director
Chief Technology Officer
General Counsel
Compensation as of Fiscal Year 2014.

Uber Technologies, Inc. Key Developments

NavInfo Eyeing HERE

NavInfo Co., Ltd. (SZSE:002405) is said to be interested in acquiring HERE Holding Corporation. NavInfo declared that the Board has agreed for the top management to evaluate HERE to decide whether to participate in bidding the latter. Other bidders included AUDI AG (DB:NSU), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), Mercedes-Benz Automobil AG, Uber Technologies, Inc., Baidu, Inc. (NasdaqGS:BIDU), Tencent Holdings Limited (SEHK:700), Microsoft Corporation (NasdaqGS:MSFT), Apax Partners LLP, Silver Lake, Hellman & Friedman LLC, Thoma Bravo, LLC, and EQT Partners AB. Nokia Corporation (HLSE:NOK1V) Chief Executive Officer said that HERE will be sold for reasonable prices.

Uber Reportedly Mulls IPO

Uber Technologies, Inc. is seeking a $1 billion credit line from banks, people familiar with the matter said, a move that could signal an eventual initial public offering (IPO). Uber has recently contacted a number of large banks asking them how much they would be willing to commit, and at what terms, to the loan, the people said. About six to seven banks are expected to be part of the facility, the people said. Negotiating a credit line is a move that often signals the early stages of preparation for an IPO as it helps cement relationships with banks, though the two capital raisings aren’t necessarily linked. An IPO isn’t imminent, however, people familiar with the talks said. One person said a debut wasn’t expected until next year at the earliest. Companies often tap banks that make big credit commitments to work on their IPO, which is why banks are willing to offer better-than-standard terms on the loans.

Uber Reportedly Teaming Up To Pursue Nokia's Maps Unit

Uber Technologies, Inc. is teaming up with Apax Partners LLP and Baidu, Inc. (NasdaqGS:BIDU) to bid for Nokia Corporation (HLSE:NOK1V)'s Maps unit which could fetch up to $4 Billion. Tencent Holdings Limited (SEHK:700), NavInfo Co., Ltd. (SZSE:002405) and EQT Partners AB may also bid for the unit.

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