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Uber’s deal with Didi Chuxing could open it up to antitrust scrutiny.

But there’s another important story, one that could roil the ascendant American ride-hailing industry: By making this deal with Didi Chuxing, Uber could expose itself—and its domestic peers—to scrutiny by U.S. antitrust authorities. The reason arises from the fact that last year, Didi invested $100 million in Lyft. The new deal, as presently structured, would […]

But there’s another important story, one that could roil the ascendant American ride-hailing industry: By making this deal with Didi Chuxing, Uber could expose itself—and its domestic peers—to scrutiny by U.S. antitrust authorities. The reason arises from the fact that last year, Didi invested $100 million in Lyft. The new deal, as presently structured, would leave Uber holding a 20 percent stake in Didi, meaning Uber would own part of Lyft. The deal also arranges for Uber CEO Travis Kalanick and Didi co-founder Cheng Wei to sit on each other’s boards.

Source: Uber’s deal with Didi Chuxing could open it up to antitrust scrutiny.

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