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Uber Eats may sell off India business to a rival

February 22, 2019

Uber Eats is reportedly negotiating to sell off its India division to rival Swiggy.

The deal, which should close by March, would be Swiggy's biggest acquisition ever, according to an Economic Times report.

The deal by the food delivery unit of ride-share parent Uber would involve a share agreement in which Uber would take a 10 percent stake in Swiggy, a value of $3.3 billion.