Uber's Delivery Hero Takeover Gets Talabat's Blessing, H2 2027 Close Eyed
UBER is trading near its 52-week low of $67.19 (8.6% above the low).
Summary
Uber's planned takeover of Delivery Hero has received a key endorsement from Talabat, Delivery Hero's Middle Eastern subsidiary, which confirmed no changes to its strategy or leadership. The deal, which has been brewing since May with a formal $11.6 billion approach, is now expected to close in the second half of 2027. Uber will acquire Delivery Hero at €41.50 per share, backed by a €14.2 billion bridge loan. This follows a series of escalating moves, including Uber increasing its stake to 24.99% and voting rights to 36.83%, and Prosus exploring a blocking stake. Talabat's public support removes a potential obstacle and signals alignment within the Delivery Hero group, strengthening the likelihood of completion. The extended timeline to H2 2027 suggests regulatory or integration complexities, but the confirmation of no operational disruption at Talabat is a positive signal for the deal's stability.
At the time of this announcement, UBER was trading at $72.97 on NYSE in the Technology 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: Reuters.