Uber (UBER) is exploring options for a potential full takeover of Delivery Hero (DLVHF) after increasing its stake to roughly 19.5% plus additional exposure via options, as it evaluates ways to strengthen its international delivery position and better compete with DoorDash (DASH), while also engaging with other Delivery Hero investors and continuing to use advisers to assess further ownership increases, Bloomberg’s Eyk Henning, Loni Prinsloo, Ruth David, and Dinesh Nair report. Shares of Uber are down 2.5% to $71.80 in afternoon trading.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Uber weighing options for full takeover of Delivery Hero, Bloomberg reports
- Stellantis entering into new partnerships, expanding existing partnerships
- Uber Earnings Call Highlights Growth, AV and AI
- Uber (UBER) Boosts Stake in Germany’s Delivery Hero as It Looks to Expand Business Worldwide
- Uber boosts Delivery Hero interest to 19.5%