Sep 24, 2017

Uber launches effort to save crucial London market

So the San Francisco company, which is in talks over a potential investment deal of more than $10bn led by SoftBank Vision Fund, has wasted little time in trying to resolve the issues that prompted Transport for London to revoke its licence to operate in London. "There was no open door there," an Uber London spokesperson said, adding that the company had had just one meeting with TfL senior staff this year, at which the firm was told its licence could not be discussed. Dara Khosrowshahi, Uber's new chief executive, last week tweeted: "Dear London: we r far from perfect but we have 40k licensed drivers and 3.5mm Londoners depending on us. Pls work w/us to make things right." On a visit to the UK capital in 2014, Uber founder and former chief executive, Travis Kalanick, described London as the "Champions League of transportation", saying it had a "More dynamic, more competitive transportation system than any other city in the world". London is not the first city that has fallen out of love with Uber.

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