Uber's board reportedly met Saturday (May 23) to discuss increasing its offer for Delivery Hero. That's according to a report Monday (May 25) from the Financial Times (FT), citing sources familiar with the matter.
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) has made a takeover bid for Delivery Hero (XETRA:DHER, OTCQX:DLVHF), valuing the food delivery company at about €10 billion. Berlin, Germany-headquartered Delivery Hero confirmed it received an offer from Uber at €33 per share, but said the proposal was rejected.
Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.
Apps like Uber and GoPuff are seeing a boost in Gen Z worker registrations this month. The jump comes as many college students are beginning summer break.
Uber has emerged as the biggest shareholder in Delivery Hero after making sizable stake purchases in recent weeks.
Uber's COO said it's getting harder to justify the trade-offs of AI investments in the company. He said he's not seeing proportional productivity gains from increasing AI costs.
Delivery Hero confirmed on Saturday it had received a takeover offer from rival Uber, valuing the company at 33 euros per share.
European food delivery platform Delivery Hero says it has received a takeover offer from Uber.
Uber's board met on Saturday to discuss raising its offer for German food delivery group Delivery Hero after a major shareholder rebuffed an Uber bid that would value Delivery Hero over 11.5 billion euros ($13.39 billion), the Financial Times reported on Sunday.
Uber and DoorDash have held exploratory talks with investors in Delivery Hero ahead of a possible takeover bid, the Financial Times reported on Saturday.
UBER gross bookings hit $53.7B in Q1 and it sees $56.25B-$57.75B in Q2 2026, as Mobility and Delivery demand stays strong.
While Uber stock has been under pressure, its network effects and strategic positioning should serve as a foundation for future growth. Through various partnerships with leading companies such as Hertz, Expedia, and Santander, Uber is positioning itself as the indispensable orchestrator of the AV revolution. Gross bookings rose 21% YoY to $53.7 billion and non-GAAP EPS jumped 44% to $0.72 in Q1, demonstrating sustained operational excellence.