Uber Inks $14.8B Deal for Delivery Hero, Its Biggest Acquisition Ever
UBER is trading near its 52-week low of $67.19 (8.7% above the low).
Summary
Uber agreed to acquire Delivery Hero for $14.8B in cash, its largest deal ever. The EUR 41.50 per share offer is a significant bump from the earlier $11.6B indicative bid, reflecting a final negotiated price. After adjusting for Uber's existing stake, the net purchase price is $13.7B. The deal adds 50 markets with $42B in gross bookings and is expected to be immediately accretive to adjusted earnings, rising to a high-single-digit percentage boost by year three. To address overlap, 14 markets will be sold to SSW Partners for $1.6B. The transaction is expected to close in the second half of 2027. Uber shares were up only 0.5% premarket, likely because the deal was widely anticipated after weeks of stake-building and prior offers. The muted reaction also reflects investor focus on Uber's ride-hailing and autonomous vehicle strategy.
At the time of this announcement, UBER was trading at $73.04 on NYSE in the Trade & Services sector, with a market capitalization of approximately $147.9B. 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: Dow Jones Newswires.