0759 ET - Uber Technologies has had its eye on Delivery Hero for some time, Davidson analysts say in a research note. The U.S. ride-hailing company has emerged as the biggest shareholder in the German company after making sizable stake purchases in recent weeks. And now, Uber's 10 billion euro ($11.60 billion) takeover approach makes strategic sense and appears to be a reasonable valuation, the analysts add. "The addition of Delivery Hero would enable Uber to solidify its marketplace flywheel in some of its key International growth markets (particularly Asia) and continue to build on its competitive strengths in Europe," they write, noting--however--that a deal would almost certainly be scrutinized by regulators. (connor.hart@wsj.com)
(END) Dow Jones Newswires
May 26, 2026 07:59 ET (11:59 GMT)
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