Britain’s competition watchdog said on Monday it had cleared Uber’s takeover of UK tech firm Autocab after its initial probe found the deal would not affect competition in the country’s taxi booking...
ExtraaEdge raises $1 million in pre-series A funding
Pune-based software-as-a-service (SaaS) startup, ExtraaEdge, on Wednesday said it has raised $1 million as a part of its pre-series A round from Pentathlon Ventures. The round also saw participation from other...
Uber spins off robotic delivery unit, takes stake in new startup
Uber Technologies Inc. is spinning out Postmates’ delivery robot operation into a separate startup, marking another chapter in the ride-hailing giant’s attempts to narrow its focus and become profitable. Uber will co...
France’s Altrad in talks to buy German rival Bilfinger – sources
French industrial services group Altrad is in talks over a possible acquisition of German rival Bilfinger, sources close to the matter told Reuters. The discussions are not yet exclusive and an alternative deal led by...
Delivery Hero expects 1.4 billion euro impairment on Woowa acquisition
German online takeaway food company Delivery Hero said on Wednesday it will have to take an impairment of up to 1.4 billion euros ($1.7 billion) on its takeover of South Korean food delivery app owner Woowa Brothers...
Uber to buy alcohol delivery startup Drizly for $1.1 billion
Uber Technologies Inc. agreed to acquire Drizly Inc., which makes an on-demand alcohol delivery app, for $1.1 billion, beating out at least two rival companies that held talks with the startup. The deal is Uber’s...
UK’s Deliveroo raises $180 million from investors, valued at $7 billion
British food-delivery company Deliveroo said on Sunday it had raised a further $180 million from existing investors, including minority shareholder Amazon, in a move that values the business at more than $7 billion...
Grab raises $300 million for fintech arm’s ambitious expansion
Southeast Asian ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by South Korea’s Hanwha Asset Management Co. Ltd for its rapidly-expanding financial services business. Grab...
SoftBank sells $2 billion of Uber stake after stock recovery
SoftBank Group Corp.’s Vision Fund sold about $2 billion in Uber Technologies Inc. stock, cashing in after an increase in the ride-hailing giant’s shares. An affiliate of the investment fund called SB Cayman 2 sold 38...
Gojek, Tokopedia aim for $18 billion merger in first half of 2021 -sources
Indonesian ride-hailing and payments firm Gojek and e-tailer PT Tokopedia are in advanced talks for a $18 billion merger that they aim to seal in the first half of 2021, two people with knowledge of the matter told...
South Korea makes unit sale condition for Delivery Hero’s $4 billion Woowa deal
South Korea’s antitrust regulator said on Monday Delivery Hero must sell its Yogiyo subsidiary to win approval for a $4 billion takeover of Woowa Brothers that would have given it a near monopoly in the country’s food...
Embassy Office Parks REIT completes Embassy TechVillage acquisition
Embassy Office Parks REIT has completed the acquisition of Embassy TechVillage (ETV) assets from the Embassy Sponsor, members of the Blackstone group and other selling shareholders for an enterprise value of $1.3...
