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Uber Regroups After London Taxi Setback as Lyft Signals Interest

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What Uber's Rebuke in London Signals for Big Tech

Uber Technologies Inc. is prepared to make concessions to restore its revoked London taxi license, the Sunday Times reported, two days after the ride service said it would fight the suspension in court.

Tom Elvidge, general manager of Uber in London, told the newspaper his company would like to meet to resolve the situation. Rival Lyft Inc., a start-up also based in San Francisco, may be positioning to benefit from Uber’s demise in the capital after holding meetings with London transport officials in the past year, the Sunday Telegraph reported.