Saudi Ninja Challenges Uber’s Delivery Hero Takeover
Uber may face a costly battle for Delivery Hero as Saudi startup Ninja eyes key assets, especially HungerStation and Talabat.
Uber may face a costly battle for Delivery Hero as Saudi startup Ninja eyes key assets, especially HungerStation and Talabat.
Uber has raised its stake in Delivery Hero to nearly 37% after buying Aspex Management’s shares at just under €40 each, valuing the German food-delivery group at €12B as takeover talks continue.
Uber is exploring a full acquisition of European food delivery giant Delivery Hero. The deal could boost growth but faces regulatory review in Europe and involves a high financial commitment.
Uber had strong Q1 2026: more trips, higher revenue, AI growth, and plans for robotaxis. Stock rose after upbeat forecast.
Hertz jumps after teaming with Uber to run robotaxis and driver rides, expanding into self-driving and shared mobility markets.
Uber just raised its stake in Lucid to 11.5% with a $500 million investment and expanded its robotaxi order from 20,000 to 35,000 vehicles.