Uber Technologies is likely to sell a 7.8% stake in Indian food delivery firm Zomato through a $373 million block deal on Wednesday, according to a source familiar with the matter and a document seen by Reuters. The offer size of $373 million was based on the lower end of a 48-54 rupee price range set for the block deal, the document showed. BofA Securities is the sole bookrunner for the deal.
Asia
Barrister Gohar Ali Khan elected as new PTI chairman, succeeds Imran Khan
ISLAMABAD (TIP): Barrister Gohar Ali Khan emerged as the uncontested choice for the new chairman of Pakistan Tehreek-e-Insaf (PTI), succeeding the imprisoned former prime minister, Imran Khan, as reported by ARY News on December 4. […]
Science & Technology
Microsoft puts a price on AI-powered Copilot and Bing Chat Enterprise, announces visual search option in chat
In March this year, Microsoft introduced the Microsoft 365 Copilot to help its commercial customers with a variety of tasks. In a blog post, Microsoft had then explained how Copilot will be users’ ‘copilot for […]
United States
A look at Paul Manafort trial until August 9: Key takeaways
ALEXANDRIA, Va.(TIP): Over the course of eight days, Paul Manafort’s criminal-fraud trial has featured testimony about extravagant wardrobes, secret offshore bank accounts, fake loan applications and doctored bank accounts, an ostrich jacket and a fall […]
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