Uber agreed to purchase an additional 4.5% stake in German food delivery company Delivery Hero from Prosus for approximately 270 million euros ($318 million), paying 20 euros per share. This sale is part of Prosus's regulatory-mandated reduction of its Delivery Hero holdings to gain approval for its 4.1 billion euro acquisition of Just Eat Takeaway.com. Although Uber's offer is below Delivery Hero's recent closing price, it represents a 22% premium over the one-month average share price. Prosus remains committed to completing the required share sale within the stipulated timeframe.
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...
