Uber's board met to discuss increasing its takeover bid for Delivery Hero after a key shareholder rejected an offer of €38 per share, which was a 15.3% premium over the recent closing price. Uber initially proposed €33 per share, valuing Delivery Hero at over €11.5 billion. Some shareholders are seeking a price above €40 per share. Meanwhile, DoorDash has shown interest but has not made any purchases. Uber is now deciding whether to raise its bid further, signaling a potential bidding war for the German food delivery company.
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 ...
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...
