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.
Uber beat Q1 EPS and forecast strong Q2 gross bookings as Mobility and Delivery demand stayed resilient despite Middle East tensions.
William Parr transitioned from restaurant work to driving for Uber. Parr, a deaf Uber driver, uses technology to communicate with his passengers.
Uber is expanding its technology footprint in India with new engineering campuses and a data center partnership aimed at supporting its overall product development and infrastructure operations.
Uber remains a Strong Buy to me, with significant upside potential as it counters the robotaxi disruption narrative. UBER's fundamentals remain strong: 22% gross bookings growth, FCF growing 2x revenue, and diversified profits across delivery, geographies, and advertising. Strategic AV partnerships and global deployments position UBER to benefit as autonomous vehicle supply becomes commoditized, leveraging its scale and platform.
Uber executives have been publicly dissing Waymo in the past several months. The executives have called out Waymo directly or criticized AV-only operator models.
Uber (NYSE:UBER | UBER Price Prediction) just delivered a quarter that crystallizes the bull thesis.