UBER Sep 2024 70.000 put
| Previous Close | 8.10 |
| Open | 8.10 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 70.00 |
| Expire Date | 2024-09-20 |
| Day's Range | 8.10 - 8.10 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
BloombergUber 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 WindTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyMacron Puts French Banks in Play With Plan to Transform EuropeChina to Start $138 Billion Bon
- Reuters
UPDATE 3-Delivery Hero in $1.25 bln deal with Uber for foodpanda Taiwan sale, investment
Uber announced on Tuesday a $1.25 billion deal to take over Delivery Hero's foodpanda business in Taiwan and buy new shares in the German firm in a deal that would boost liquidity of the delivery specialist grappling with rising competition in Asia. Asia has become Delivery Hero's biggest market after its $4 billion deal in South Korea in 2019 but the company has been trying to divest some of its assets in the region to improve profitability. While food delivery services in Asia have largely rebounded from a slowdown following the pandemic boom, many firms are now grappling with thin margins as they spend heavily in offering discounts and promotions to retain consumers who have become wary of rising inflation and cost of living.
ReutersDelivery Hero in $1.25 billion deal with Uber for foodpanda Taiwan sale, investment
Asia has become Delivery Hero's biggest market after its $4 billion deal in South Korea in 2019 but the company has been trying to divest some of its assets in the region to improve profitability. While food delivery services in Asia have largely rebounded from a slowdown following the pandemic boom, many firms are now grappling with thin margins as they spend heavily in offering discounts and promotions to retain consumers who have become wary of rising inflation and cost of living.
