Uber Technologies, Inc. saw a sharp rise in its stock price, climbing by 5.35% to $71.73, following news of a significant expansion in its autonomous vehicle partnership with Waymo LLC, a subsidiary of Alphabet Inc. The companies announced plans to bring their autonomous ride-hailing services to Austin, Texas, and Atlanta, Georgia, by early 2025. This […]
Uber Technologies has agreed to acquire US-based on-demand alcohol marketplace Drizly in a stock-cum-cash deal worth around $1.1 billion. Drizly operates in 1,400 plus cities across a majority of states in the US. By working with thousands of local merchants, the alcohol delivery service is claimed to offer consumers a selection of beer, wine, and […]
Zomato acquisition of Uber Eats India : Indian food delivery app Zomato has acquired Uber Eats India – the food delivery business of US ride hailing company Uber in India in an all-stock deal. As per the terms of the deal, Uber gets a stake of 9.9% in Zomato for the sale of Uber Eats […]
Ridesharing company Uber Technologies has agreed to acquire a majority stake in Cornershop, a Chilean online grocery company for an undisclosed price, as per the latest retail acquisition news. In addition to Chile, Cornershop provides its online grocery delivery services in Mexico, and more recently in Peru and Toronto in Canada. Headquartered in Santiago, the […]