Uber acquires foodpanda in $1.25bn deal with Delivery Hero

Uber acquires foodpanda in $1.25bn deal with Delivery Hero

Uber Technologies Inc has announced a deal with rival Delivery Hero to acquire foodpanda business in $1.25 billion agreement. The purchase of Delivery Hero's foodpanda brand will also see Uber buying a minority stake in the food delivery group, sending Delivery Hero's shares up by 20%. The 10-figure agreement is split by two separate purchases: Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $950 million in cash as...

Join the MOVEMNT

Subscribe to MOVEMNT for top news, trends, and exclusive discounts on our events

Sign up for free

MOST POPULAR THIS MONTH
LATEST
G.M. reports hike in petrol car sales in North America

General Motors has announced a recent spike in gasoline car sales within North America in their 2024 first-quarter report. The Q1 report was released on Tuesday and revealed a revenue of $3 billion in the first three months of the year - a 24% increase compared to...

Our MOVE America 2024 speakers who have recently been in the news

MOVE America is about showcasing people who are the leading agents of change and innovation from across the mobility ecosystem. With the sector constantly flourishing, we have put together a shortlist of current news updates from some of the biggest disruptors...

This is where you can meet America’s leading mobility experts

MOVE America connects the entire mobility ecosystem, focused on tech, business models and sustainable futures from North and South America. Leaders and visionaries from across the mobility value chain gather for an unparalleled opportunity to learn, innovate, partner...

VIDEOS
“We want people to get home safely everyday”: Michigan DoT discusses innovation in safety technology

Michele Mueller the senior project manager of connected and automated vehicles at Michigan Department of Transportation (MDOT) discusses how the state are employing innovative technology in their safety systems to ensure people get home safely every day. Mueller also...

ENERGY
EVs
Aon, Mastercard and Ayvens join MOVE as Diamond Sponsors
Aon, Mastercard and Ayvens join MOVE as Diamond Sponsors

Introducing the MOVE 2024 Diamond Sponsors who will be speaking and exhibiting at the MOVE show in London this June. Catch them on the Main stage alongside the keynote speakers and see what sector of the mobility ecosystem they will be giving their world-class...

INFRASTRUCTURE
First 300 speakers for MOVE America 2024 are announced
First 300 speakers for MOVE America 2024 are announced

MOVE America connects the entire mobility ecosystem, focused on tech, business models and sustainable futures. Bringing together the leaders and visionaries from across the mobility value chain, MOVE provides an unparalleled opportunity to learn, innovate, partner and...

Aon, Mastercard and Ayvens join MOVE as Diamond Sponsors
Aon, Mastercard and Ayvens join MOVE as Diamond Sponsors

Introducing the MOVE 2024 Diamond Sponsors who will be speaking and exhibiting at the MOVE show in London this June. Catch them on the Main stage alongside the keynote speakers and see what sector of the mobility ecosystem they will be giving their world-class...

This is where you can meet America’s leading mobility experts
This is where you can meet America’s leading mobility experts

MOVE America connects the entire mobility ecosystem, focused on tech, business models and sustainable futures from North and South America. Leaders and visionaries from across the mobility value chain gather for an unparalleled opportunity to learn, innovate, partner...

MODES
Uber acquires foodpanda in $1.25bn deal with Delivery Hero
Uber acquires foodpanda in $1.25bn deal with Delivery Hero

Uber Technologies Inc has announced a deal with rival Delivery Hero to acquire foodpanda business in $1.25 billion agreement. The purchase of Delivery Hero's foodpanda brand will also see Uber buying a minority stake in the food delivery group, sending Delivery Hero's...

Aon, Mastercard and Ayvens join MOVE as Diamond Sponsors
Aon, Mastercard and Ayvens join MOVE as Diamond Sponsors

Introducing the MOVE 2024 Diamond Sponsors who will be speaking and exhibiting at the MOVE show in London this June. Catch them on the Main stage alongside the keynote speakers and see what sector of the mobility ecosystem they will be giving their world-class...

SMART CITIES
Uber acquires foodpanda in $1.25bn deal with Delivery Hero
Uber acquires foodpanda in $1.25bn deal with Delivery Hero

Uber Technologies Inc has announced a deal with rival Delivery Hero to acquire foodpanda business in $1.25 billion agreement. The purchase of Delivery Hero's foodpanda brand will also see Uber buying a minority stake in the food delivery group, sending Delivery Hero's...

TECH
Uber acquires foodpanda in $1.25bn deal with Delivery Hero
Uber acquires foodpanda in $1.25bn deal with Delivery Hero

Uber Technologies Inc has announced a deal with rival Delivery Hero to acquire foodpanda business in $1.25 billion agreement. The purchase of Delivery Hero's foodpanda brand will also see Uber buying a minority stake in the food delivery group, sending Delivery Hero's...