Uber in Talks to Acquire Team of Car-Parking Startup Luxe - News Summed Up

Uber in Talks to Acquire Team of Car-Parking Startup Luxe


While Uber Technologies Inc. wrestles with a string of controversies, the ride-hailing company is in advanced talks to acquire much of the engineering team from a struggling car-parking service, according to people familiar with the matter. Uber is discussing bringing on part of the engineering team from Luxe Valet Inc. in what is known in Silicon Valley as an “acquihire.” The talks had also involved technology that Luxe was...


Source: Wall Street Journal June 08, 2017 19:07 UTC



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