Uber Technologies on Tuesday announced that it will acquire Delivery Hero’s Foodpanda food delivery business in Taiwan for $950 million in cash. The deal, if it goes through, would be one of Taiwan’s largest acquisitions outside its core semiconductor sector. The acquision is subject to regulatory approval and other customary closing conditions by early 2025
Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero’s ongoing retreat from that same market: the sale…
Harness isn’t founder Jyoti Bansal’s first startup. He sold AppDynamics to Cisco for $3.7 billion in 2017, the week it was supposed to go public. His latest venture has raised $425 million, per Crunchbase. On Tuesday, Harness announced $150 million in debt financing, essentially a line of credit that the company can draw on as…
If you use Slack at work, you’ve likely noticed that the number of channels you’re invited to proliferates incessantly. David Sacks, one-quarter of the popular All In podcast and a renowned serial entrepreneur whose past companies include Yammer — an employee chat startup that sold to Microsoft for $1.2 billion in 2012 — says he…
Website builder Squarespace is going private in an all-cash deal that values the company on an equity basis at $6.6 billion, or a $6.9 billion enterprise valuation. The acquiring company is U.K.-based private equity firm Permira. Founded in 2004 by CEO Anthony Casalena, Squarespace is best known for its no-code platform designed to help SMEs and…
Estate is an invite-only website that has helped hundreds of attackers make thousands of phone calls aimed at stealing account passcodes, according to its leaked database. © 2024 TechCrunch. All rights reserved. For personal use only…
It’s not just because Amazon is trying to sell you more stuff…
Pepper, the e-commerce platform for food distributors, continues to edge into Sysco and US Foods territory by giving smaller, independent distributors a technology leg up. The company developed an ordering system specifically for independent food distributors that supports catalogs of over 100,000 items, and enables these companies to launch mobile apps and websites so they…
Booking.com has been designated a gatekeeper under the bloc’s Digital Markets Act (DMA), meaning the online travel agency will face regulation under the bloc’s market fairness and contestability framework — with the risk of fines of up to 10% (or 20% for repeat offenders) of annual revenue for noncompliance. The travel platform has been given…
SAP Chief Sustainability Officer Sophia Mendelsohn wants to incentivize companies to be green because it’s profitable, not just because it’s right. © 2024 TechCrunch. All rights reserved. For personal use only…





