Uber Technologies Inc. has made a full takeover offer for Delivery Hero at €33 per share, slightly below Delivery Hero's recent closing price. Prior to the offer, Uber increased its stake in Delivery Hero from about 7% to 19.5%, becoming the largest shareholder. Delivery Hero's CEO recently resigned amid shareholder pressure for a strategic review. The takeover bid aligns with Uber's broader expansion into autonomous vehicles, backed by a $10 billion investment plan.
Uber reported a 21% year-over-year increase in gross bookings to $53.7 billion and a 44% rise in non-GAAP EPS to $0.72 in Q1, reflecting strong operational performance. Despite a nearly 10% decline in its stock year-to-date, Uber's strategic partners...
David Tepper's hedge fund Appaloosa Management made significant gains by investing heavily in AI-related stocks like Micron, Amazon, and Uber in late 2025 and early 2026. Micron shares doubled, reflecting Tepper's precise timing, while additional buy...
