3 ms·

Uber is building out their own map system so that they are no longer dependent upon a third party. It's already in production on a limited basis. Isn't Google

• meddlepal 10y ago
  Uber bought Bing Maps for $1.
  • vadym909 10y ago
    you mean $1B surely?
    • meddlepal 10y ago
      No. I can't name a source though. Basically Microsoft was hemmoraghing money on this unit and Uber took a chunk of staff, the tech, AND the operating expenses.
      • emcq 10y ago
        $1 doesn't make any sense. Perhaps you're leaving out some form of equity swap. Bankrupt companies get purchased all the time for millions of dollars and I can't imagine Microsoft's business team would allow such a shitty deal.
        • fullshark 10y ago
          It only makes sense if the unit was hemorrhaging money and had near iron clad contracts/termination penalties.
        • morgante 10y ago
          Bankrupt companies also routinely get purchased for $1, with the old owners just glad to get rid of outstanding liabilities.
  • Elepsis 10y ago
    This just isn't true in any way. Uber once upon a time was a bidder on Here Maps, which provided most of Bing's mapping data, but they lost to a consortium of German car makers (BMW, Daimler, Audi): http://www.wsj.com/articles/bmw-daimler-audi-agree-to-buy-nokias-here-maps-business-1438580698 http://www.wsj.com/articles/bmw-daimler-audi-agree-to-buy-no...
    • itsprofitbaron 10y ago
      They acquired part of Bing's Mapping Assets alongside ~100 employees - http://techcrunch.com/2015/06/29/uber-acquires-part-of-bings-mapping-assets-will-absorb-around-100-microsoft-employees/ http://techcrunch.com/2015/06/29/uber-acquires-part-of-bings... and http://www.wsj.com/articles/SB11064341213388534269604581078352707853460 http://www.wsj.com/articles/SB110643412133885342696045810783...