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December 2, 2020 06:48 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/wil6ccywez0/uber-in-talks-to-sell-air-taxi-business-to-joby
Uber in Talks To Sell Air Taxi Business To Joby
Uber is in advanced talks to sell its Uber Elevate unit to Joby Aviation, Axios reported Wednesday, citing multiple sources. A deal could be announced later this month. From the report: Uber Elevate was formed to develop a network of self-driving air taxis, but to date has been most notable for its annual conference devoted to the nascent industry. The sale comes as Uber CEO Dara Khosrowshahi's works to attain profitability, and follows partial sales of Uber's money-losing freight and self-driving units. Axios had previously reported that Uber was seeking a buyer. Elevate had a helicopter service running in New York City, but suspended those operations during the pandemic. At last check, the unit had around 80 employees.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/wil6ccywez0/uber-in-talks-to-sell-air-taxi-business-to-joby
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