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McDonald's mulling partial sale of digital unit: Report

McDonald's mulling partial sale of digital unit: Report

FILE PHOTO: FILE PHOTO: The McDonald's company logo stands on a sign outside a restaurant in Bretigny-sur-Orge, near Paris, France, July 30, 2020. REUTERS/Benoit Tessier/File Photo/File Photo

WASHIGNTON: McDonald's is weighing the sale of part of digital start-up Dynamic Yield, which it bought two years ago in a bid to boost drive-through and in-restaurant kiosk orders, according to the Wall Street Journal.

McDonald's had originally looked to the artificial intelligence business to provide personalized digital promotions to consumers, which would vary depending on time of day, weather, and wait times.

Dynamic Yield's founder and CEO Liad Agmon told the Journal on Friday that a partial sale of the company had "been discussed from the outset, and now feels like the right time to explore that possibility."

The 2019 purchase of Dynamic Yield by McDonald's for more than us$300 million represented the US-based group's largest purchase in years.

Company executives portrayed it as a key element of the McDonald's digital strategy.

McDonald's and Dynamic Yield were not immediately available to confirm the report.

Source: AFP/nh

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