Uber Nears €10B Delivery Hero Deal as Jefferies Flags Q2 Growth
UBER is trading near its 52-week low of $67.19 (7.3% above the low).
Summary
Uber is closing in on a €10 billion acquisition of Delivery Hero, with an agreement possible this week. This follows weeks of maneuvering, including Uber building a 36.83% voting stake and Prosus exploring a blocking position. Separately, Jefferies sees strong Q2 bookings growth and improving incremental margins, with U.S. Mobility set to accelerate from the FIFA World Cup, lower insurance costs, and new ride modes. The deal would reshape the global food delivery landscape, while the upbeat Q2 outlook adds near-term momentum.
At the time of this announcement, UBER was trading at $72.08 on NYSE in the Trade & Services sector, with a market capitalization of approximately $146.7B. 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 8 out of 10. Source: Wiseek News.