China firm buys SeaWorld stake

New Straits Times - - Business -

“There was a per­son be­hind the wheel,” said Mon­tene­gro re­gard­ing the Uber ve­hi­cle. “It is un­cer­tain at this time if they were con­trol­ling the ve­hi­cle at the time of the col­li­sion.”

An Uber spokesman said: “We are con­tin­u­ing to look into this in­ci­dent and can con­firm we had no back­seat pas­sen­gers in the BEI­JING: China’s Zhonghong Zhuoye Group Co agreed to ac­quire a 21 per cent stake in SeaWorld En­ter­tain­ment Inc from Black­stone Group LP, be­com­ing the em­bat­tled United States theme-park op­er­a­tor’s largest share­holder.

The Asian leisure and tourism hold­ing com­pany will pay Black­stone US$23 (RM101.78) a share, or about US$448.5 mil­lion, based on shares held at the end of De­cem­ber. ve­hi­cle.”

Uber be­gan test­ing self-driv­ing cars in Pitts­burgh last year and soon ex­panded to Ari­zona, after its self-driv­ing cars were banned from streets here in De­cem­ber by the Cal­i­for­nia Depart­ment of Mo­tor Ve­hi­cles.

How­ever, Uber’s self-driv­ing car pro­gramme has been mired That rep­re­sents a 33 per cent pre­mium to SeaWorld’s clos­ing price on Thurs­day. The an­nounce­ment sent the stock soar­ing.

SeaWorld, which owns 12 theme parks, in­clud­ing its name­sake at­trac­tions, has bat­tled neg­a­tive pub­lic­ity fol­low­ing the 2013 re­lease of the doc­u­men­tary “Black­fish”, which ar­gued killer whales shouldn’t be kept in cap­tiv­ity. Bloomberg in con­tro­versy. Waymo, Al­pha­bet Inc’s au­ton­o­mous driv­ing busi­ness that is also test­ing driver­less ve­hi­cles in Ari­zona, sued an Uber unit called Otto ear­lier this year for al­legedly steal­ing de­signs for an im­por­tant com­po­nent of driver­less cars known as lidar. Uber called the suit “base­less”. Bloomberg

REUTERS PIC

A self-driven Volvo ve­hi­cle owned and op­er­ated by Uber Tech­nolo­gies Inc is flipped on its side after a col­li­sion in Tempe, Ari­zona, on Fri­day.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.