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Uber to buy Delivery Hero's Foodpanda in Taiwan for US$950 mn
Uber to buy Delivery Hero's Foodpanda in Taiwan for US$950 mn
Economy
by  AFP

Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million. The companies have also reached a separate agreement for Uber to buy US$300 million in newly issued ordinary shares of Delivery Hero, according to the statement. aw/dhc/dan

Sony net profit dips on-year but beats estimate
Sony net profit dips on-year but beats estimate
Economy
by  AFP

Sony said Tuesday that annual net profit dipped 3.5 percent on-year but beat its forecast as takings in games and music offset losses in the financial and chip sectors. For the current financial year, Sony forecast net profits of 925 billion yen.