Google announced today its withdrawal from negotiations with the NSW government around basing its new headquarters at the planned White Bay tech precinct.
A few months after the ACT announced it would be regulating Uber as part of a set of wider transport reforms, the NSW Government is set to do the same. Sydney’s Daily Telegraph has reported that, under new regulations, Uber drivers will be required to pay a licence fee to drive for the service, while taxi drivers will be compensated for the increased competition in the industry.
Airbnb has finalised a funding round of $1.5 billion, led by General Atlantic with participation from Tiger Global and Hillhouse Capital. The round, one of the largest private rounds to date, puts the company’s valuation at $25.5 billion.