The latest announcement is out from Uber Technologies (UBER).
Uber Technologies, Inc. has announced its plans to acquire Foodpanda’s delivery business in Taiwan from Delivery Hero SE for $950 million, aiming to enhance its annualized Delivery Adjusted EBITDA by at least $150 million. The deal also includes Uber’s purchase of $300 million in Delivery Hero’s new shares, with both transactions subject to regulatory approvals and expected to close in the first half of 2025. This strategic move signifies Uber’s commitment to expanding its delivery services and improving financial performance amidst a dynamic market.
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