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 nearly 37% economic interest. The acquisition would strengthen Uber's position in the global food-delivery market and give it control over one of Europe's largest platforms. Delivery Hero's shares rose nearly 6% after the news, while Uber's shares fell about 2%. Neither company has confirmed the deal yet, and negotiations could still change or fail.
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...
A new bill in Washington, D.C. aims to allow fully driverless autonomous vehicles, creating a regulatory battleground between Uber and Waymo. Uber opposes the bill, fearing it would push human drivers out and give Waymo a monopoly, advocating instead...
