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UBER STAKE ACQUISITION
Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...- Uber said to study full takeover of European rival Delivery HeroThe ride-hailing giant this week disclosed it had boosted its stake in Frankfurt-listed Delivery Hero. It’s working with advisers to study ...
- Uber to acquire additional 4.5% stake in Delivery Hero: FTUber is set to acquire an additional 4.5% stake in rival Delivery Hero, purchasing approximately 270 million euros ($318.1 million) worth o...
- From setbacks to second wind, what next for Ola and Bhavish Aggarwal?Ola Electric is struggling to revive its position after a sharp fall in market share, financial stress and operational challenges. Founder ...
- Cooking up a deal: DoorDash's Europe push is fraught with challengesDoorDash is making a significant push into Europe with the $3.9 billion acquisition of Deliveroo, expanding its reach to 40 countries. Mean...
- Uber to buy controlling stake in Turkey's Trendyol GO food delivery business for $700 millionThe stake purchase from Turkish e-commerce firm Trendyol Group gives Uber control of a platform that serves customers nationwide, deliverin...
- Scoop: Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisitionUber is in early talks to acquire BluSmart Mobility, boosting its electric cab presence in India. The move comes amid Gensol Engineering’s ...
- Should you follow suit? Here's why billionaire Bill Ackman bought $2.3 billion worth of this stockBillionaire investor Bill Ackman's Pershing Square Capital acquired a $2.3 billion stake in Uber by purchasing 30.3 million shares. Ackman ...
- Uber is said to seal $3.1 billion deal to buy Careem in daysCareem was valued at about $1 billion in a 2016 funding round, making it one of the most valuable technology startups in the Middle East.
- Delivery Hero buys Zomato’s UAE unitZomato’s decision to sell the UAE business comes at a time when it is in talks to raise $500 million to $1 billion in fresh funds.
- Uber Eats India likely to end up on Swiggy’s plateThis is in line with Uber’s strategy to cut down on losses as it prepares for a IPO at a valuation of $120-150 billion.
- CCI approves founders additional share purchase in OlaOla, which competes against US-based Uber, counts among its investors names like Softbank, Tiger Global, Tencent and Sequoia Capital, among...
- Ola gets more backers on board to race ahead, Sachin Bansal may pick stakeRide-hailing company raises $50 m from two new Chinese investors at $3.7-4.3 b valuation.
- Ola founders seek CCI nod for hiking stake in cab aggregatorThe acquisition will be made through Lazarus Holdings, which is incorporated in Singapore, and is a special purpose vehicle which will be u...
- Travis Kalanick buys real estate company, takes CEO reinsThe Uber founder is buying a controlling stake in a distressed real estate company called City Storage Systems and installing himself as th...
- Ola in talks with Temasek to add up to $1 billion to war chestOla was last valued at $4 billion when it raised $400 million from Chinese internet conglomerate Tencent in September.
- Uber board selects Expedia CEO Dara Khosrowshahi to lead company out of crisisThe Expedia CEO is set to succeed Travis Kalanick, who grew Uber into a $20 bn annual booking biz last year, only to resign as CEO in June ...
- After merger with Didi Chuxing, India to become Uber's main battlegroundWhile the deal underlines that China remains a tough market for US-based companies to win in, it could leave Uber freer to devote more reso...
- Meru Cabs in talks with Valiant Capital and Falcon Edge Capital to raise Rs 627 croreThe latest fund-raising is on top of a $50-million tranche Meru secured this week from existing investor India Value Fund Advisors (IVFA).
- US-based Uber in talks to buy Meru CabsMeru Cabs is expecting a valuation of $400 mn and sources indicate that Uber will be looking at buying a majority stake in the Indian compa...
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