Uber seeking options including partial sale for Uber Elevate: Axios

In this news, we discuss the Uber seeking options including partial sale for Uber Elevate: Axios.

(Reuters) – Uber Technologies Inc is looking for options for its Uber Elevate business, including strategic partnerships or a partial sale, Axios reported on Friday, citing multiple sources.

The move reflects CEO Dara Khosrowshahi’s obsession with profitability, the report adds. (bit.ly/31f3bub)

Uber declined to comment on the report.

Report by Tiyashi Datta in Bengaluru; Editing by Maju Samuel

Original © Thomson Reuters Corporation

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