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Zomato Emerges As Frontrunner to Acquire UberEats, Uber Denied Licence Renewal in London

Professor of Financial Economics and Part-time Value Investor, Transfin.
Nov 25, 2019 3:12 PM 1 min read

Zomato emerges as frontrunner to acquire UberEats. 



Zomato emerges as frontrunner to acquire UberEats.

Value Lies in the Eyes of the Beholder: Restaurant discovery and food delivery platform Zomato has emerged as the frontrunner to acquire Uber's food delivery business in India. 


Zooming Out: Uber has quoted a price of $500mn for UberEats. The negotiations include a stock deal and Uber might invest in Zomato’s next financing round. 


Previously: Uber had also approached Swiggy earlier in 2019, but the talks failed due to differences over valuation. ToI

Uber has been denied licence renewal in London. 

No Uber No Cry: London’s transport regulator, Transport for London (TfL), has refused to grant ride-hailing platform Uber a new license in the city after authorities found that more than 14,000 trips were taken with uninsured drivers.


Transport for London announced the decision not to renew the ride-hailing firm’s licence at the end of a two-month probationary extension granted in September.


Uber has meanwhile confirmed that it will appeal the decision. The Guardian


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