Uber will acquire the remaining 47% of on-demand grocer Cornershop that it doesn’t already own, the company said in an SEC filing.
Uber’s (NYSE: UBER) acquisition of Mexican grocery delivery startup Cornershop was approved on Monday by Mexico’s Federal Commission of Economic Competition (COFECE). The approval from COFECE was the last part of the acquisition. Terms of the deal, which gives Uber a majority stake in the company, were not disclosed. The acquisition furthers the expansion of […]
The amount paid by Uber for majority ownership of Cornership has not been disclosed.
