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Uber bought Bing Maps for $1.

• vadym909 11y ago
  you mean $1B surely?
  • meddlepal 11y 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 11y 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 11y ago
        It only makes sense if the unit was hemorrhaging money and had near iron clad contracts/termination penalties.
      • morgante 11y ago
        Bankrupt companies also routinely get purchased for $1, with the old owners just glad to get rid of outstanding liabilities.
• Elepsis 11y 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 11y 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...