On July 15, Uber declined 3.08% in regular trading, trading at $72.01/share, with turnover of $789 million. The stock hit an intraday low as news broke of its advanced acquisition talks with German food delivery platform Delivery Hero.

On the news front, Uber is in advanced talks to fully acquire Delivery Hero, with both parties potentially reaching an agreement as early as this week. The deal would value Delivery Hero significantly above its recent trading price of approximately €36 per share, with the acquisition price reportedly around €40 per share. Uber currently holds approximately 24.99% of Delivery Hero and has raised its economic interest to about 36.8% through derivatives.

Notably, Uber had previously paused most of its planned European food delivery expansion — shelving launches in five of seven targeted countries including Austria, Norway, and Greece — to ease potential EU antitrust scrutiny of a Delivery Hero acquisition. The market appears concerned about the significant capital outlay and integration risks associated with a full takeover of the German delivery giant.

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