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How will Delivery Hero's stock price move 3 months post Uber deal announcement?
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Story
Uber to Acquire Delivery Hero's Foodpanda in Taiwan for $950 Million in $1.25 Billion Deal
May 14, 2024, 03:38 AM
Ride-sharing company Uber has announced plans to acquire Delivery Hero's Foodpanda business in Taiwan for $950 million in an all-cash deal. The transaction is expected to close in the first half of 2025. This acquisition could potentially create a monopoly in the Taiwanese food delivery market. Delivery Hero is involved in a $1.25 billion deal with Uber for the sale and investment. The stock symbols involved are $DHER and $UBER.
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