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Uber Becomes Sole Owner Of Grocery Startup Cornershop

Uber has reached an agreement with the owner of Cornershop to become the Chilean grocery delivery startup’s sole owner. The company — which acquired a majority stake in Cornershop last year — said in an SEC filing on Friday (June 18) that it was acquiring roughly 47 percent interest from the minority shareholders in exchange for approximately 29 million shares of Uber stock. The deal is expected to close in July and is customary...

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Telenor and Axiata finally ink Malaysia merger

After months of negotiations, Telenor and Axiata have put pen to paper on their plan to merge their respective Malaysian operations Digi and Celcom. The combined company – called MergeCo – will go to market with the Celcom Digi brand, and will serve 19 million customers. According to recent figures from Malaysia’s telco regulator, the Malaysian Communications and Multimedia Commission (MCMC), the country had 43.7 million mobile...