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UBER STOCKS BUYOUT
Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
Zomato places an order for Grofers at $750 million valuationJapanese conglomerate SoftBank Vision Fund, the largest shareholder in Grofers, may look to invest around $100-200 million in the merged en...
Uber shocks Wall Street with massive $20 billion buyback: What it means and why companies do itUber's second-quarter results exceeded expectations, with an 18% revenue increase and a matching earnings per share forecast. The company a...
Figma sheds $11 billion in market value days after blockbuster IPOSan Francisco, California-based Figma shares had scored a massive 250% gain during their market debut on Thursday when they were priced at ...
Goldman Sachs sells 44.20 lakh shares worth Rs 183 crore in Paytm via block dealAs per the shareholding data of One 97 Communications, Goldman Sachs Singapore held 84,01,067 shares or 1.32% stake in the fintech payment ...
Paytm shares fall 3% amid reports of talks to sell movie ticketing business to ZomatoIf the deal goes through, it will be among the largest buyouts for Zomato after it acquired Uber Eats in 2020 and took over quick commerce ...
Paytm appoints Rajeev Agarwal to board; Neeraj Arora resignsPaytm has appointed former Sebi whole time member Rajeev Krishnamuralilal Agarwal to the board as non-executive independent director as Nee...
Zomato confirms discussions to acquire Paytm’s movies, ticketing businessZomato confirmed in a stock exchange filing that it is in talks to acquire fintech Paytm's ticketing business, as reported by ET on June 16...
Adobe, Figma shelve $20 billion deal after hitting regulatory roadblocksBritain's competition watchdog earlier said on Monday that Adobe would not propose remedies to resolve regulatory concerns regarding the bu...
Uber CFO Nelson Chai plans to step downUber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, cit...
Private equity behemoth TPG aims for over $9 bn valuation in US IPOTPG would raise about $877.6 million at the top end of the range. Its existing investors plan to sell roughly 5.59 million shares, the proc...
Koo app severs China links, Nazara IPO beginsIn today's ETtech Evening Briefing, Twitter rival Koo app severs China links; Nazara IPO gets subscribed 3.8 times on Day 1 of offering; an...
SoftBank discussing a ‘slow-burn’ buyout to go privateUnder Japanese regulations, Son could compel other shareholders to sell when he gets to 66% ownership, perhaps without paying a premium, th...
Almost everyone at SoftBank thinks going private is a bad ideaConvincing Japanese banks to change their minds and finance the deal would be a tall order. SoftBank is already the country’s second-bigges...
Filings show Uber Eats sold India unit for $206 millionZomato’s valuation, which stood at over $3 bn in Jan, seems to have been discounted during its buyout.
Zomato acquires Uber Eats in an all-stock transactionThe all-stock transaction will give the US-based ride-hailing company about 10% shareholding in Gurgaon-based Zomato.
Boom in dodgy Wall Street deals points to market trouble aheadDeeply indebted companies are borrowing even more to pay equity holders.
DST Global may invest up to $500 million in Ola at $2.5 billion valuationThe latest round of fund-raise for Ola, puts it right up in the league of the most valuable internet firms domestically.
Why Uber missed a ride to drive TaxiForSure and swung deal Olacabs' wayDeal swung Ola’s way as investors felt that the Indian company, valued at $660 million in its last round of funding, is better value for mo...
Olacabs to buy TaxiForSure to take on competitors like Uber; deal likely at Rs 1,250 croreAccording to three people directly involved in the negotiations, Olacabs, backed by Japan's SoftBank, will pay cash and offer stock.