Uber Technologies Inc. agreed to sell its Indian food-delivery unit to a local rival, shedding a struggling business in a move that could steer the ride-hailing company toward profitability.
The deal with Zomato Media Pvt. Ltd has been under negotiation since last year and it was formally unveiled on Tuesday in India. It gives Uber a 9.99% stake in Zomato.
ashishchauhan yayyy
Maybe Uber can drive Trump to India manacled on the left hand to Pence and the right to McCONNELL. Oh, wait? Let’s manacle AG Barr to T’s right ankle and Senator Lindsey G. to his left. I’m sure numerous Americans will happily stuff the five-some into an Uber and tip the driver
Uber is losing billions each quarter. I don't think dropping business to rivals is going to steer them profitability. Not by 2021, not ever.
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