- Title: Uber 'on track' for IPO in 2019, no plans to sell tech unit - CEO
- Date: 5th September 2018
- Summary: NEW YORK, NEW YORK, UNITED STATES (SEPTEMBER 5, 2018) (REUTERS) PEOPLE LOOKING AT PHONES WITH UBER APP OPEN
- Embargoed: 19th September 2018 19:51
- Keywords: Uber Dara Khosrowshahi driver passenger Uber Technologies technology rides ride-sharing
- Location: NEW YORK, NEW YORK, UNITED STATES / UNIDENTIFIED LOCATION
- City: NEW YORK, NEW YORK, UNITED STATES / UNIDENTIFIED LOCATION
- Country: USA
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA0018WCPVNX
- Aspect Ratio: 16:9
- Story Text:Uber Technologies Chief Executive Dara Khosrowshahi said on Wednesday (September 5) the ride-hailing company was on track to launch an initial public offering next year and had no plans to sell its self-driving car research arm.
Khosrowshahi told Reuters in an interview that the company was not planning to sell its Advanced Technologies Group "at this time."
"Ultimately, it is a big asset that we are building and we can monetize that in whatever way we want to. It's not something we're thinking about it at this point," he said.
Khosrowshahi also said Uber was "quite optimistic" it would be able to resume testing of self-driving cars later this year after a fatal crash involving an autonomous Uber car in Tempe, Arizona in March.
He said "absolutely" that Advanced Technologies Group would be part of Uber after the IPO, but it also would partner with other companies that are building self-driving technology. - Copyright Holder: REUTERS
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