UBER Jan 2025 40.000 put
- Yahoo Finance Video
Uber to acquire foodpanda's Taiwan segment in $950M deal
Uber (UBER) has set its sights on acquiring food and grocery delivery platform foodpanda's Taiwan segment for $950 million. Foodpanda is owned by the Germany-based Delivery Hero (DHER.DE). Yahoo Finance Senior Business Reporter Ines Ferré breaks down the details of the all-cash deal and the regulatory scrutiny the deal could face. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
- Zacks
UBER to Acquire German Firm's Food Delivery Unit in Taiwan
UBER's acquisition of Delivery Hero's foodpanda business is expected to close in the first half of 2025.
- Reuters
UPDATE 1-European shares limp ahead of US data, Powell remarks; Delivery Hero spikes
European shares were subdued on Tuesday as investors braced for a key U.S. inflation data and Federal Reserve Chair Jerome Powell's remarks due later in the day, while Delivery Hero jumped on the sale of its Taiwan foodpanda business to Uber. After strong gains last week, investors are at bay for two days now ahead of the U.S. producer prices inflation data and Powell's remarks, one day prior to the market-moving consumer prices inflation data, for clues on the Fed's interest rate-cut outlook.
