Tuesday 19 January 2016
Sidecar announced it was shutting down in late December, after it failed to get enough traction versus competitors like Uber and Lyft. It turns out that wasn’t the end of the company, with General Motors quietly snatching Sidecar’s technology, employees and assets up for an undisclosed sum. As part of the deal, the company will get co-founder and CTO Jahan Khanna along with 20 employees, but not Sidecar’s former CEO, Sunil Paul. GM also invested more than $500 million into Lyft late last year, as it looks to defend itself against future competition from companies like Uber. According to Bloomberg, GM plans…
This story continues at The Next Web
