Uber will appeal Transport for London's (TfL) decision to not reissue it with a license in the coming days. This will enable the company to continue operating in the capital city while talks between Uber and TfL continue. The appeal process will last several months which should give the two sides more time to come to an arrangement they both see fit.
The move comes after Uber put out a message to all of its users in London, last Friday, to let them know it would continue to operate in the capital as it has more discussions with TfL about being reissued its operating license.
Initially, following TfL's decision in September, it looked as though Uber's only path would be to appeal the decision in court. Shortly after TfL's decision was announced, Uber's new CEO Dara Khosrowshahi, issued an apology on behalf of the company which prompted TfL to engage in talks with the firm. With talks looking like the best option for Uber now, the appeal is just a means for Uber to operate until talks conclude with a resolution.
While tackling their problems in London, Khosrowshahi and the board at Uber have been trying to secure a $10 billion investment from SoftBank. In the process, they’ve had to try to limit the power of the previous CEO, Travis Kalanick, who still sits on the board.
Source: FT (Paywall)