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.
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By Sarah Bartlett and Julie Sandorf At a time when newsrooms nationwide are laying off reporters and some are closing down, a program begun by Mayor Bill de Blasio’s administration has been helping to sustain […]
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