An internal letter from a former employee contended Uber had a team that "exists expressly for the purpose of acquiring trade secrets, code base, and competitive intelligence." Jacobs was questioned in court, saying he left Uber early this year with a compensation deal valued at $4.5 million that required him not to disparage the company. Uber purportedly paid data thieves $100,000 to destroy the swiped information -- and remained quiet about the breach for a year. - SoftBank hard cash -Japanese telecommunications giant SoftBank this week began offering to buy out Uber investors, reportedly at a price well below the value used for the startup's last funding round. As a secondary investment move, the Japanese group would buy outstanding shares from large investors at a discounted price, the source said.

Source: The Nation Bangkok November 30, 2017 01:30 UTC