Uber Technologies Inc.
(NYSE:UBER) is trending after the company announced a takeover offer for Delivery Hero valued at approximately $14.8 billion, which would extend its global mobility and delivery platform to a total of 99 markets.
Uber stock is trading slightly higher.
What's the outlook for UBER shares?
Boards Back Offer, Prosus Commits Stake Under the terms of the voluntary takeover offer, Uber will pay Delivery Hero shareholders €41.50 per share in cash, representing an equity value of $14.8 billion for 100% of the company, or $13.7 billion adjusted for Uber's prior stake purchases.
