Uber Nears €12.5B Delivery Hero Takeover at €41/Share, Asset Sales Planned
UBER is trading near its 52-week low of $67.19 (8.3% above the low).
Summary
Uber is closing in on a €12.5 billion acquisition of Delivery Hero, with a deal expected as early as Thursday. The offer of roughly €41 per share represents a concrete price after weeks of speculation. The transaction includes a carve-out: Delivery Hero will sell its Turkish arm Yemeksepeti and several European businesses to an investment firm, streamlining the assets Uber would acquire. This follows a rapid escalation from initial stake-building in May to advanced talks reported yesterday. The deal would significantly expand Uber's food delivery footprint in Europe and Asia, though regulatory scrutiny is likely given the scale.
At the time of this announcement, UBER was trading at $72.79 on NYSE in the Trade & Services sector, with a market capitalization of approximately $148.2B. 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.