Uber Divests Entire Stake In Zomato

Uber Technologies Inc. divested its entire stake in Zomato Ltd., garnering Rs 3,087 crore.Uber sold 61.2 crore shares for Rs 50.44 apiece, a 9.2% discount to the company’s closing price on Aug. 2. Fidelity Investment bought 5.45 crore shares for Rs 50.26 apiece and ICICI Prudential bought 4.5 crore shares for Rs 50.25 apiece, according … Read more

Amazon and Grubhub Strike Deal to Bring Restaurant Delivery to Prime Members

Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping Amazon’s membership program. Grubhub’s parent, Netherlands-based Just Eat Takeaway.com NV said Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can … Read more

IPO losses bleed into 2022 for upstart tech companies

IPO losses bleed into 2022 for upstart tech companies | Fortune You need to enable JavaScript to view this site.

Forced arbitration bill, spurred by #metoo, will help quell tech’s ‘bro’ culture

Forced arbitration bill, spurred by #metoo, will help quell tech’s ‘bro’ culture | Fortune You need to enable JavaScript to view this site.

Disney primed for long streaming war with Netflix

Disney primed for long streaming war with Netflix | Fortune You need to enable JavaScript to view this site.