Tuesday, June 28, 2022

After announcing plans to acquire Blinkit, Zomato's stock dropped 6.6% on Monday and 8.4% on Tuesday, cutting $1.1B from its market value (Ashutosh Joshi/Bloomberg)

Ashutosh Joshi / Bloomberg:
After announcing plans to acquire Blinkit, Zomato's stock dropped 6.6% on Monday and 8.4% on Tuesday, cutting $1.1B from its market value  —  Zomato Ltd. lost about $1.1 billion of market value in two days after the food-delivery platform announced the acquisition of loss-making quick-commerce …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...