Uber has raised billions of dollars in recent weeks, and far-back-in-second-place Lyft is now looking to do the same. The ride-hailing service has hired the M&A specialty bankers at Qatalyst Partners to get more funding from an automaker — or sell the entire company. The leading candidate is probably GM.
[Douglas MacMillan | The Wall Street Journal]
Awhile back, San Francisco city supervisors passed legislation that requires Airbnb to pay huge fines daily for all the listings on the service that aren't registered with the city. Airbnb is now suing SF to prevent that from happening later this summer, on First Amendment grounds.
[Eric Newcomer | Bloomberg]
The European Union's antitrust watchdog, the European Commission, is reportedly preparing its third set of formal charges against Google. This time, it's about Google's primary moneymaker, its advertising business.
[Natalia Drozdiak | The Wall Street Journal]
Should the U.K. actually leave the European Union, it will primarily hurt the poor. But the market shock of the last few days has mostly soaked the rich; the wealthiest 400 people worldwide have collectively lost more than $196 billion.
[Robert Lafranco and Jack Witzig | Bloomberg]
Two SolarCity board members — neither of whom are related to Elon Musk — will have the exclusive say over whether the company accepts Tesla's $2.8 billion acquisition offer. One of the twosome, investor Donald Kendall, is the only SolarCity director without a direct connection to Tesla.
[Johana Bhuiyan | Recode]
This article originally appeared on Recode.net.