Uber (UBER) Technologies and Blacklane announced an agreement for Uber to acquire Blacklane. The acquisition is subject to the receipt of customary regulatory approvals and satisfaction of other customary closing conditions and is expected to close by the end of 2026. After the transaction is complete, the acquisition of Blacklane will further accelerate Uber’s recently-announced move into the chauffeur sector with Uber Elite, and support Uber’s ambition to deliver best-in-class service to more customers around the world.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Uber price target lowered to $95 from $100 at Wells Fargo
- Uber Technologies Stock Slumps as Robotaxi Bet Grows
- Rivian Stock (RIVN) Gains on Progress in $5.8B Volkswagen Licensing Deal
- Option traders moderately bearish in Uber with shares down 3.67%
- UBER, Pony AI, and Verne Team Up on Europe’s First Robotaxi Rollout