Food delivery company Zomato has completed the acquisition of Paytm subsidiaries WEPL and OTPL for the entertainment ticketing business, the company said in its filing with the exchanges. On August 21, the Deepinder...
Zomato to buy Paytm’s movie and events ticketing biz for ₹2,048 crore
Zomato is set to acquire Paytm’s entertainment and ticketing business for ₹2,048.4 crore or $244 million, as the food delivery giant aims to strengthen its presence in the “going-out” sector...
Advent to sell UK parcel delivery firm Evri to Apollo
Private equity investor Advent International said that it has agreed to sell UK parcel delivery firm Evri to funds managed by affiliates of Apollo. The deal values Evri at 2.70 billion pounds ($3.47 billion), two...
Amazon in talks with Swiggy for buying Instamart business
E-commerce giant Amazon has approached Swiggy and shown interest in the company’s quick commerce business Instamart, says a report in the Economic Times, citing 3 sources aware of the matter. However, there is no...
Doordash held talks with UK’s Deliveroo on takeover, sources say
U.S. meal delivery group Doordash flagged an interest in a takeover of Britain’s Deliveroo last month, two people familiar with the matter told Reuters. San Francisco-based Doordash made the approach to Deliveroo...
Royal Mail owner agrees to $4.6 bln takeover by Czech billionaire Kretinsky
The owner of Britain’s Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world’s oldest...
Royal Mail owner IDS set to agree $4.4 bln Kretinsky takeover bid
Royal Mail’s parent company International Distributions Services is set to agree a 3.5 billion pound ($4.42 billion) takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the British firm...
Enam’s Bhansalis, others to buy 40% stake in WeWork India for ₹1,200 crore
Enam Holdings promoters Akash Bhansali and his family members, along with their investor partners, will buy a 40% stake in leading co-working firm WeWork India for ₹1,200 crore in a secondary share sale, two people...
Grab-GoTo merger would be an all-round win
Grab and GoTo ought to merge. A union of the Singaporean and Indonesian food delivery-to-ride-hailing companies, currently valued at $18 billion, is “inevitable”, Macquarie’s sales team told its...
Xcelerate acquires stakeholder communications consultancy Stirrup Communication
Xcelerate, a Singapore-based GRC and ESG investment platform, has acquired a strategic equity stake in Stirrup Communication, India’s leading stakeholder communications consultancy, for an undisclosed amount...
Italy could raise 4.4 bln euros by selling 29% stake in Poste
The planned sale of the Italian government’s stake in postal service Poste Italiane could be worth around 4.4 billion euros ($4.76 billion), Economy Minister Giancarlo Giorgetti said on Wednesday. The Treasury...
Delivery Hero terminates talks on potential sale of foodpanda business in Southeast Asia
German food delivery company Delivery Hero said that the ongoing talks for the potential sale of its foodpanda business in selected markets in Southeast Asia have been terminated. The parties could not reach final...
