Zomato Buys Uber Eats In $300 Million All-Stock Deal
The Hindu|January 22, 2020
Ride-hailing firm gets 9.99% in Zomato; deal allows Uber to focus on core offering.
Zomato Buys Uber Eats In $300 Million All-Stock Deal

Zomato on Tuesday announced the acquisition of Uber’s food delivery business Uber Eats, in India, in an all-stock deal that will give the U.S.-headquartered ride-hailing services 9.99% stake in Zomato.

Effective Tuesday, Uber Eats’ operations in the country have been discontinued and users, along with restaurants and delivery partners are being directed to Zomato.

Uber, which is aiming to turn profitable by 2021, had launched Uber Eats in India in 2017, and has about 26,000 restaurants listed on the platform across 41 cities.

هذه القصة مأخوذة من طبعة January 22, 2020 من The Hindu.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 22, 2020 من The Hindu.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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