Uber Faces Key Week After $11.6 Billion Delivery Hero Bid
Uber shares fell nearly 2% last week to $70.40 as investors await news on a possible new bid for Delivery Hero, after Uber raised its stake to almost 37%. The S&P 500 gained 1.4% in the same period. Traders are watching for a formal offer, German filings, or shareholder pushback. Jefferies flagged antitrust risks and warned Uber may need to lift its bid or sell assets, putting pressure on the stock.