Jefferies raised its target price for Delivery Hero from €29 to €42.50, citing takeover interest from Uber and DoorDash as a key driver. Uber's initial €33 per share offer was rejected, and a higher bid of €38 was also declined by major shareholders. DoorDash is interested in Delivery Hero's Middle Eastern operations, particularly its 80% stake in Talabat. Activist investor Aspex, holding 15%, and major shareholder Prosus are pushing for a higher price. Antitrust issues complicate any full takeover, and Delivery Hero is considering strategic options including a potential breakup. CEO Niklas Östberg plans to step down by March 2027 amid pressure for faster asset disposals. Jefferies maintains a buy rating with a €42.50 target price.
Uber Technologies reported a 21% year-over-year increase in gross bookings and a 42% rise in non-GAAP operating income for Q1 2026, alongside $2.28 billion in free cash flow. The company now has over 50 million Uber One members and projects 18-22% gr...
Uber's chief product officer Sachin Kansal shared the company's vision to grow beyond ride-hailing into travel planning, hotels, AI-powered shopping, and autonomous vehicles. Uber aims to create a hybrid network combining human drivers and robotaxis,...
Zipline, a drone delivery startup, is rapidly expanding its U.S. operations by hiring former Tesla, Uber Eats, and Waymo executives to scale its business. The company now completes one drone delivery every 20 seconds and has surpassed 2.5 million com...
Uber Technologies is reportedly in advanced talks to acquire Delivery Hero, a major German food-delivery company, aiming to finalize the deal soon. Uber already owns about 25% of Delivery Hero's shares and holds additional derivatives, giving it near...
Uber is broadening its services beyond ride-hailing and food delivery to include hotel bookings, boat rentals, and shopping features, aiming to become a travel-focused platform. It is also developing financial products for drivers and merchants, such...
