trending Market Intelligence /marketintelligence/en/news-insights/trending/at3krrumf6308o_9mn6tvg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Former Uber CEO's fund acquiring $150M stake in real estate company

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Online Video Households Poised To Overtake Multichannel In US Forecast

Possible Effects Of COVID-19 Crisis On Broadcast Networks

5G To Buoy Declining Smartphone Shipments Through 2024 Despite COVID-19 Effects

Former Uber CEO's fund acquiring $150M stake in real estate company

Former Uber Technologies Inc. CEO Travis Kalanick announced via Twitter that his newly launched fund is acquiring a controlling stake in real estate company City Storage Systems for $150 million, with Kalanick taking the CEO position.

The investment is from Kalanick's new fund, 10100, that was announced earlier in March. The fund is focused on investments in real estate, e-commerce and emerging innovation in China and India.

City Storage Systems is a holding company focused on redeveloping distressed real estate assets, mainly in the parking, retail and industrial segments. Kalanick said more than $10 trillion of such assets would need to be repurposed for the digital era.

Bloomberg News reported March 21 that the investment proceeds came from Kalanick's sale of $1.4 billion worth of Uber shares in January.