Boards Back Offer, Prosus Commits Stake
Separately, Delivery Hero has agreed to sell businesses spanning 14 markets — where Uber Eats and Delivery Hero already overlap — to SSW Partners for approximately $1.6 billion. Uber will not control those businesses, and SSW will independently find strategic partners to position them for long-term success.
Deal Structure and Financing
Why It Matters
“By bringing our platforms together, we will extend affordable, reliable delivery to many millions more people in many of the world’s most dynamic economies,” said Dara Khosrowshahi, CEO of Uber.
Uber Shares Edge Higher
UBER Price Action: At the time of publication, Uber shares are trading 1.05% higher at $73.43, according to data from Benzinga Pro.
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