SunilPaul
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GM quietly buys failed Uber rival Sidecar
They won't say it out loud, but car makers are secretly terrified about what Uber will do to their business. That's why GM is buying up the remains of one of its rivals, Sidecar, in a deal worth somewhere close to $30 million. Bloomberg is reporting that the auto outfit has picked up the knowledge and IP of the service that struggled against its wealthier rivals like Lyft and Uber, shutting down last December. Most of the employees will be moving over to GM, although co-founder Sunil Paul isn't one of them.
