Russian extremely rich person
Mikhail Fridman's LetterOne speculation vehicle said on Friday it had made a
$200 million (generally Rs. 1,361 crores) interest in US ride-hailing
administration supplier Uber Technologies Inc.
It didn't indicate when it
purchased the shares or what stake it had obtained in the firm, which has
already raised more than $5 billion (generally Rs. 34,039 crores) in a few
financing rounds.
"We trust that Uber's very
gifted administration group has the fundamental vision and aptitudes to
incorporate the organization with one of the world's pre-prominent innovation
organizations," Fridman, who is the administrator of LetterOne, said.
In January, Russian media
reported that another Russian big shot, Alisher Usmanov, had contributed a few
a huge number of dollars in Uber in the late spring of 2015.
A week ago, Uber consented to
pay $28.5 million to settle prosecution brought by clients who asserted the
ride hailing administration distorted the nature of its security hones and the
expenses it charged travelers, the organization said on Thursday.
The two proposed legal claims
said Uber charged travelers a "Sheltered Rides Fee" of as much as
$2.30 per outing to bolster its "industry driving historical verification process."
However, Uber does not utilize unique mark distinguishing proof which is
required by taxi controllers, court filings said.
The cases, recorded in a
Northern California government court, were acquired after head prosecutors Los
Angeles and San Francisco made comparative affirmations in partitioned 2014
suit. Uber asked a San Francisco state judge to reject a large portion of that
claim, saying the prosecutors are despicably looking for "a huge number of
dollars" in punishments and compensation.
© Thomson Reuters 2016
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