Dara Khosrowshahi, Uber’s chief executive, is paring back the company’s money-losing businesses.
Tag: Mergers, Acquisitions and Divestitures
SoftBank and Line Corp. Seek to Create a Japanese Internet Giant
Fresh off a multibillion-dollar loss on WeWork, SoftBank plans to shore up its domestic business with a big bet on Japan’s leading messaging app company.
Uber Acquires Cornershop, a Grocery Delivery Start-Up
Although the growth of its core business has slowed, Uber is building its food and freight delivery services, among other ambitions.
Hays Travel Buys Thomas Cook Stores, Saving Thousands of Jobs
The tour company has acquired all 555 of its collapsed rival’s branches, potentially rescuing the posts of 2,500 workers.
Philip Morris and Altria Are in Talks to Merge
With Altria’s investment in Juul, a combination of the tobacco giants would dominate the international market for e-cigarettes.
Never Mind Brexit. Peppa Pig and British Pubs Are Attracting Buyers.
As the British economy contracts, overseas businesses and investors are still looking to make deals.
India Curbs Power of Amazon and Walmart to Sell Products Online
The government announced a new policy barring the foreign companies from selling products from affiliated companies on their Indian shopping sites.
Australia Likely to Block Hong Kong Company’s Bid for Gas Pipeline
Citing national security concerns, Australia said it would probably block an effort by CK Group from acquiring the country’s largest gas and pipeline company.