Uber Technologies, Inc 8-K, filed Jul 17, 2020
Uber Technologies, Inc (UBER)
About this 8-K
Uber Technologies, Inc filed this 8-K on July 17, 2020, reporting on events of July 13, 2020.
Items reported
- Item 1.01: Entered into a material agreement
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On July 13, 2020, Uber Technologies, Inc. (the “Company”) entered into a Google Maps Master Agreement (the “Agreement”) with Google LLC under which Google will provide the Company with access to Google Maps Platform Rides and Deliveries Services (the “Services”) with pricing terms that are in line with the Company’s use of the Services. Under the Agreement, the Company and Google have adopted a new pricing model that is based on the number of billable trips taken using the Services, instead of the number of requests. The transaction also includes tiered volume-based discounts. The Agreement replaces the previously disclosed agreement with Google in connection with its Maps services.
The term of the Agreement is for four years from the effective date. Either party may terminate the Agreement in the event of material breach by the other party and failure to cure such breach within a reasonable period of time after written notice. Either party may also terminate the Agreement if the other party ceases its business operations or becomes subject to insolvency proceedings and such proceedings are not dismissed within 90 days.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Uber Technologies, Inc. | ||
| Date: July 17, 2020 | By: /s/ Dara Khosrowshahi | |
| Dara Khosrowshahi | ||
| Chief Executive Officer | ||