- 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.
- Bloomberg
Uber to Buy Delivery Hero’s Taiwan Business for $950 Million
(Bloomberg) -- Uber Technologies Inc. is buying Delivery Hero SE’s Foodpanda business in Taiwan for $950 million, shoring up its control of a key Asian market as it seeks to expand in the region.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeBiden Adds Tariffs on Chinese Chips, Critical Minerals, EVsTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsFive Under-the-Radar Billionaires Mak
