Uber Closes $14.8B Delivery Hero Deal, Adds ezCater for $2.3B
UBER is trading near its 52-week low of $65.41 (8.4% above the low).
Summary
Uber closed its $14.8B cash acquisition of Delivery Hero, expanding delivery reach to roughly 100 markets and adding $42B in gross bookings. The company also announced a $2.3B cash deal for ezCater, which brings 140k+ restaurant partners and $2.5B trailing gross bookings. Separately, Uber closed its March purchase of Blacklane, adding luxury chauffeur services. The company will invest €2B in Germany and launch an AV pilot in Madrid. Q3 earnings are set for Nov 4 with analysts expecting EPS of $0.95 on revenue of $14.71B.
At the time of this announcement, UBER was trading at $70.93 on NYSE in the Technology sector, with a market capitalization of approximately $146.1B. The 52-week trading range was $65.41 to $100.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.