Uber Technologies, Inc. (NYSE:UBER) is included among the Top 10 Reddit Stocks That Will Skyrocket.
On April 17, CNBC reported that Uber Technologies, Inc. (NYSE:UBER) agreed to buy an additional 4.5% stake in Delivery Hero from its largest shareholder, Prosus.
Prosus said the deal will bring in about 270 million euros, or $318 million. Uber will pay 20 euros per share. That price sits below Delivery Hero’s April 16 close, which came after a 7% jump in the stock. At the same time, Prosus noted it is a 22% premium to the one-month average share price.
The move follows Prosus’s attempt last year to acquire Just Eat Takeaway.com for 4.1 billion euros. That deal drew attention from the European Commission. The regulator said it would approve the transaction if Prosus reduced its stake in Delivery Hero. After this sale, Prosus holds about 21% of Delivery Hero, down from roughly 27% at the time the Just Eat Takeaway.com deal was announced, a spokesperson told CNBC.
Uber Technologies first invested in Delivery Hero in 2024, buying $300 million of newly issued shares.
Uber Technologies, Inc. (NYSE:UBER) operates a technology platform that supports movement and logistics. Its business is organized into three segments: Mobility, Delivery, and Freight.
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