Uber in Advanced Talks to Acquire Delivery Hero, Deal Could Come This Week
UBER is trading near its 52-week low of $67.19 (8.8% above the low) on light trading volume (0.2× avg).
Summary
Uber is in advanced talks to acquire Delivery Hero, with an agreement possible as soon as this week. The deal would value the German food delivery firm well above its recent trading price of around €36 per share, a significant premium to the earlier €33 indicative offer. This follows a series of moves since May, including Uber building a 24.99% stake and 36.83% voting rights, and a formal $11.6 billion approach. The advanced stage and compressed timeline signal that key hurdles, including potential opposition from Prosus, may be resolving. A successful acquisition would dramatically expand Uber's delivery footprint in Europe, Asia, and Latin America, creating a dominant global platform.
At the time of this announcement, UBER was trading at $73.12 on NYSE in the Trade & Services sector, with a market capitalization of approximately $148.9B. The 52-week trading range was $67.19 to $101.99. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.