December 16 - 09:12
112D
UberEats admits defeat in India, may sell business to Zomato
In a bid to cut global spending, Uber is in talks to sell UberEats' India to Local rival Zomato. The deal values UberEats' India at around $400 million. As part of the deal, Uber may invest between $150 to $200 million in Zomato - a sizeable chunk of the business. Should the deal go ahead, it would end Uber's struggles in the Region. Uber has declined to comment.
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