Uber is selling a portion of its stake in a Russian self-driving car venture to its partner, Yandex, for $1 billion in cash. The U.S. firm also entered into an option to sell its remaining stake for $1.8 billion or more. Uber disclosed the deal in a securities filing. It is the latest move by the ride-hailing firm to unwind its international operations. Over the past few years Uber has sold...
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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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