Southeast Asian ride-hailing and food delivery company Grab is in advanced talks to merge with its smaller Indonesian rival GoTo as the firms seek to stem years of losses, two sources familiar with the matter told...
Oyo early investors consider partial stake sale at $3.9 billion valuation
Early investors in Oyo, including Lightspeed Venture Partners, are reportedly in discussions with family offices to sell part of their stakes in the hospitality startup. According to The Economic Times, the valuation...
Taiwan blocks Uber’s $950 mln Foodpanda deal over competition concerns
Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on...
Oyo buys US-based G6 Hospitality from Blackstone for $525 mn, adds 1,500 hotels
Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its...
Celebrity-Backed Nail Salon Glosslab Files Bankruptcy
Glosslab LLC, a New York City-based nail salon chain that experimented with a membership-based business model and attracted celebrity investors, has filed for bankruptcy. The company and its corporate affiliates sought...
Zomato completes acquisition of Paytm’s entertainment, ticketing business
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...
