DoorDash seeks dismissal of Uber lawsuit
DoorDash has asked a California Superior Court judge to dismiss a lawsuit filed by Uber that accuses the food delivery company of stifling competition by intimidating restaurant owners into exclusive deals.
DoorDash argues in its motion that Uber's claim lacks merit on all fronts. On a post on its website on Friday, DoorDash said, "the lawsuit is nothing more than a cynical and calculated scare tactic from a frustrated competitor seeking to avoid real competition. It's disappointing behavior from a company once known for competing on the merits of its products and innovation."
In its post, DoorDash added that it will "vigorously" defend itself, and positioned the company as one that "competes fiercely yet fairly to deliver exceptional value to merchants."
A hearing has been set for July 11 in California Superior Court in San Francisco County.
Uber filed its lawsuit against DoorDash in February. The ride-hailing giant alleged DoorDash, which holds the largest share of the food delivery market in the U.S., threatens restaurants with multimillion-dollar penalties or the removal or demotion of the businesses' position on the DoorDash app.
Uber responded to the DoorDash request in a statement sent to TechCrunch.
"It seems like the team at DoorDash is having a hard time understanding the content of our Complaint," reads the emailed statement from Uber. "When restaurants are forced to choose between unfair terms or retaliation, that's not competition — it's coercion. Uber will continue to stand up for merchants and for a level playing field. We look forward to presenting the facts in court."
Uber requested a jury trial in its original complaint. The company has not specified the amount of damages it is seeking.
Separately, Deliveroo confirmed Friday that DoorDash offered to buy the European food delivery company for $3.6 billion.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
22 minutes ago
- CNBC
Nvidia's first GPU was made in France — Macron wants the country to produce cutting edge chips again
French President Emmanuel Macron on Wednesday made a pitch for his country to manufacture the most advanced chips in the world, in a bid to position itself as a critical tech hub in Europe. The comments come as European tech companies and countries are reassessing their reliance on foreign technology firms for critical technology and infrastructure. Chipmaking in particular arose as a topic after Nvidia CEO Jensen Huang, who was doing a panel talk alongside Macron and Mistral AI CEO Arthur Mensch, said on Wednesday that the company's first graphics processing unit (GPU) was manufactured in France by SGS Thomson Microelectronics, now known as STMicroelectronics. Yet STMicroelectronics is currently not at the leading edge of semiconductor manufacturing. Most of the chips it makes are for industries like the automotive one, which don't required the most cutting-edge semiconductors. Macron nevertheless laid his ambition out for France to be able to manufacture semiconductors in the range of 2 nanometers to 10 nanometers. "If we want to consolidate our industry, we have now to get more and more of the chips at the right scale," Macron said on Wednesday. The smaller the nanometer number, the more transistors that can be fit into a chip, leading to a more powerful semiconductor. Apple's latest iPhone chips, for instance, are based on 3 nanometer technology. Very few companies are able to manufacture chips at this level and on a large scale, with Samsung and Nvidia provider Taiwan Semiconductor Manufacturing Co. (TSMC) leading the pack. If France wants to produce these cutting-edge chips, it will likely need TSMC or Samsung to build a factory locally — something that has been happening in the U.S. TSMC has now committed billions of dollars to build more factories Stateside. Macron touted a deal between Thales, Radiall and Taiwan's Foxconn, which are exploring setting up a semiconductor assembly and test facility in France. "I want to convince them to make the manufacturing in France," Macron said during VivaTech — one of France's biggest tech events — on the same day Nvidia's Huang announced a slew of deals to build more artificial intelligence infrastructure in Europe. One key partnership announced by Huang is between Nvidia and French AI model firm Mistral to build a so-called "AI cloud." France has looked to build out its AI infrastructure and Macron in February said that the country's AI sector would receive 109 billion euros ($125.6 billion) in private investments in the coming years. Macron touted the Nvidia and Mistral deal as an extension of France's AI buildout. "We are deepening them [investments] and we are accelerating. And what Mistral AI and Nvidia announced this morning is a game-changer as well," Macron told CNBC on Wednesday.
Time Magazine
an hour ago
- Time Magazine
TIME and 360BusinessMedia Announce TIME France
Today, TIME and 360BusinessMedia announced TIME France, a licensed French edition of TIME's iconic publication. The first issue is scheduled for release at the end of 2025, with a dedicated website launching Fall 2025. TIME France will feature: A dedicated French editorial team will be assembled in the coming months to uphold TIME's values and editorial standards. 'For over a century, TIME has delivered trusted journalism and global perspectives to our audience. With our expansion into France's media market, we're building on a longstanding tradition of covering the region, now through a dedicated edition,' said TIME Chief Executive Officer Jessica Sibley. 'This launch reflects our commitment to reaching new audiences and meeting them where they are, and we are thrilled to partner with 360BusinessMedia to bring TIME's brand and magazine to France and surrounding regions.' "It is an honor to orchestrate the arrival in France of such an iconic title, whose covers and in-depth reporting has resonated across the world for a century. We are building a dedicated editorial team to deliver thoughtful, bold, and relevant journalism tailored to French and European audiences. The French edition aims to combine TIME's editorial excellence with local insight into today's major challenges — from politics and innovation to society, climate, and culture." said Dominique Busso, Chief Executive Officer of 360BusinessMedia. The announcement of TIME France comes on the heels of a period of dynamic growth and innovation for TIME. Today, the brand reaches more than 120 million people worldwide across all platforms, representing the largest, most global, youngest, and most diverse audience in its history. TIME's in-depth reporting continues to shape global conversations across every sector, with journalists covering critical issues worldwide and historically providing extensive coverage of France—including exclusive interviews with President Emmanuel Macron, football star Kylian Mbappé, chef Mory Sacko, and cover stories on the effort to clean up the Seine, restore Notre Dame and more.
Business Wire
an hour ago
- Business Wire
Patron Capital Secures Major Investment From Mitsubishi Estate to Accelerate European Growth and Expand Into New Subsectors
LONDON--(BUSINESS WIRE)--Patron Capital ('Patron'), the pan-European institutional investor focused on property-backed investments, has secured a major investment from Mitsubishi Estate Co., Ltd. ('MEC'), through its Mitsubishi Estate Global Partners ('MEGP') investment management business. MEGP is purchasing a majority stake in Patron, as well as providing €600 million in the form of equity commitments to Patron's funds and financing for new subsector strategies including real estate credit. Approximately 57% of Patron's capital over the past 25 years and 63% of capital raised for its most recent €964 million fund launched in 2024 has come from US investors, including pension funds, endowments, foundations and family offices. The transaction, which is subject to regulatory consents, is part of a long-term strategic growth plan for Patron, providing new institutional backing and positioning the business positively for sustainable growth well into the future. Keith Breslauer, Patron's founder and managing director, and the team of senior partners will continue to manage Patron's operations and lead the business for the long term, retaining a significant minority equity stake. As well as new capital for growth, MEC's investment will provide Patron with access to a broader pool of investors through MEGP and support the expansion of Patron's fund and product offerings while continuing to nurture its entrepreneurial culture. Patron is targeting strategic growth areas across private European real estate markets, including in the opportunistic investing space, where it has a 26-year track record, as well as across multiple new subsectors and asset classes where recent market adjustments and structural macroeconomic trends are presenting compelling new long-term risk-adjusted opportunities. Patron's experienced senior management team and operational expertise, combined with MEC's support, enable Patron to identify and deliver on these opportunities. For example, Patron recently announced the launch of its real estate credit business, as elevated interest rates and constrained traditional lenders have created a need for private lenders with real estate expertise to fill funding gaps facing borrowers. MEGP also sees attractive long-term investment opportunities across Europe's private real estate markets and has identified Patron as an ideal partner to offer investors access to these, recognising the longevity of Patron's senior team and its exceptional track record of consistently delivering top-quartile double-digit returns across its flagship Western European opportunistic strategy. Patron works with many of the world's leading pension funds, endowments, foundations and family offices. MEC is one of Japan's largest, listed real estate developers with a market capitalisation of $23.06 billion USD (€20.22 billion EUR) as of 06 June 2025. MEC is strategically growing its MEGP real estate investment management business globally, including through its subsidiary platforms in the United States, Europe, Japan and Asia-Pacific. Both firms have an agile, entrepreneurial approach and aim to deliver social benefits alongside exceptional returns. Keith Breslauer, Managing Partner and Founder of Patron Capital, said: 'In the 25 years since Patron was founded, we have worked successfully through many cycles, building a high-calibre team across Europe and using our deep relationships and skillset to access opportunities and drive market-leading returns. This significant investment from MEC, particularly as a leading property investor and developer, is a strong endorsement of our success and is the next step in our predefined growth plan to take the business to the next level and position it for sustainable, long-term growth. 'MEC has an exceptional history spanning over 130 years as a real estate developer and investor with a long-term strategic vision, goals and objectives that are aligned with ours in every way. From a focus on social impact and serving communities, to supporting people to create an entrepreneurial culture, and responding quickly to changing investment contexts, these are two organisations with shared values and proven longevity that have been built on the same approach. We are excited to work with MEC following this investment that will accelerate our growth and deliver significant benefits to our staff and investors.' Patron's current and previous funds opportunistically target distressed and undervalued investments, directly or indirectly related to property, across Western Europe. In 2024, it closed its seventh flagship fund, Patron Capital, L.P. VII ('Fund VII'), raising in excess of €970 million during a period of declining real estate private equity fundraising, with a high proportion of capital coming in the form of re-ups from Patron's longstanding investors. Notes to Editors About Patron Capital Partners Patron represents approximately €5.3 billion of capital raised across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses. Since it was established in 1999, Patron has undertaken more than 200 transactions across 114 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised. Investors represent a variety of sovereign wealth funds, prominent universities, major institutions and private foundations located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 63 people, including a 40-person investment team. Further information about Patron Capital is available at
