Uber to buy Chile's online grocery provider Cornershop

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Uber said on Friday it would buy a majority stake in Cornershop as the ride-hailing giant moves to expand its fast-growing delivery service into the grocery store market.

Santiago-based Cornershop operates in Mexico, Chile, Canada and Peru, but Chief Executive Oskar Hjertonsson said the deal would allow it to deliver groceries “in many more countries around the world.”

He retweeted the news of the deal as it broke, adding: “This will be fun!”

The app provides delivery of “groceries to your front door in one hour” from retailers including Costco Wholesale Corp, Walmart Inc and Mexico’s Chedraui. It charges retail chains and customers a commission for its services.

“Whether it’s getting a ride, ordering food from your favorite restaurant, or soon, getting groceries delivered, we want Uber to be the operating system for your everyday life,” Uber CEO Dara Khosrowshahi said in a statement.

No valuation was disclosed for the deal. Uber said it expected to close the deal in early 2020, “subject to regulatory approval.”

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