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Delivery Hero said talks are at an advanced stage, and didn’t comment on speculation regarding the price of the offer.

Uber stock was lower after Delivery Hero confirmed it was in "advanced negotiations" for a takeover from Uber.

Delivery Hero said on Tuesday it was in advanced negotiations with Uber Technologies regarding a potential takeover offer, confirming earlier media ‌reports that the U.S. ride-hailing and food-delivery company is pursuing the German ‌group. The statement followed a Bloomberg News report that Uber was in advanced talks to acquire Delivery Hero ​and could reach an agreement as soon as this week. The report said a deal would likely value Delivery Hero at well above its recent trading price of around 36 euros per share.

Uber Technologies is in advanced talks to acquire ‌German food-delivery company Delivery Hero, ‌Bloomberg News reported on Tuesday, citing people familiar ​with the matter. The ride-hailing company aims to reach an agreement with Delivery Hero as soon as this week, ‌the report ⁠said. A transaction would likely value Delivery Hero at well above ⁠its recent trading price of around €36 ($41.23) per share, according to Bloomberg.

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In a classic “Friday news dump,” Apple filed a federal lawsuit in California against OpenAI, accusing its once-partner of stealing some of its trade secrets. Specifically, it’s alleging that two of its former employees brought proprietary and confidential information about its hardware to OpenAI when they joined. The lawsuit calls to mind Waymo’s trade secret theft lawsuit against Uber, filed in 2017. Similarly, a well-established tech giant publicly accused a fast-ascending private company, loc

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(Bloomberg) -- Self-driving tech developer Turing Inc. has added AMD Ventures to its list of backers and begun adopting Advanced Micro Devices Inc.’s AI accelerators in its systems.Most Read from BloombergOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutBrazil Freezes $2 Billion, Pursues Arrests After US SanctionWhy the Great American State Fair Looks So E

Uber-backed Lime priced shares at $25 as it prepares to trade Wednesday on Nasdaq under LIME.

During an interview with CNBC, Ting said that Neutron Holdings, better known as Lime, focused on getting its economics and integration right.

Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve said it will deploy its system in robotaxis ‌from Jeep maker Stellantis, to go on Uber's ride-hailing network.

Uber-backed Lime ‌has priced ‌its U.S. initial ​public offering at $25 per share, the midpoint ‌of ⁠the marketed range, Bloomberg ⁠News reported on Tuesday, ​citing ​a ​person familiar. Lime ‌did not immediately respond to a Reuters request for comment ‌outside ​regular ​business ​hours.

FRANKFURT, June 30 (Reuters) - Europe is an emerging but promising market for self-driving 'robotaxis', with the technology set to become far more visible across the region over the next two years,

Uber stock could face more robotaxi fears after news that it is no longer partnering with Waymo in Phoenix, an analyst said.

Few congressional portfolios attract as much scrutiny as Nancy Pelosi's. Her husband, Paul Pelosi, who executes the family's trades, has previously disclosed bets on Microsoft and Alphabet that outpaced the S&P 500. His latest moves may draw even more attention. Investing.com ...

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Uber is quietly writing $500 million checks to lock in robotaxis as Waymo threatens to leave it behind.

The filing shows two separate option purchases, both carrying a $50 strike price and a March 19, 2027 expiration date. The Intel position consists of 200 call options valued between $1,000,001 and $5,000,000, while the Uber position covers 200 call options valued between $500,001 and $1,000,000. Both transactions are classified as new purchases, not amendments to prior disclosures.

Dollar General's (DG) core lower- and middle-income consumers are under pressure amid sticky inflati

Retail investors have spent decades watching Bill Ackman make concentrated bets from the outside, The Motley Fool noted, piecing together his moves through quarterly filings that arrive months after the trades close. That dynamic changed when Pershing Square USA (PSUS) began trading on the New York ...

Uber Technologies (NYSE:UBER) at $70.91 sits in a holding pattern. The stock absorbed a sharp leg lower on the same day it unveiled a Zurich robotaxi launch with WeRide and a global Level 4 partnership with Stellantis and Wayve, capturing why this name is interesting and uninvestable simultaneously. Uber runs the world’s largest ride-hailing and ... Uber Down 29% From Its High. Earnings Up 40%. Wall Street Sees 47% Upside

The Lime IPO will include a purchase of $20 million in shares by Uber, which is already a major backer of the e-scooter and bike firm.

Investing.com -- Lime, the electric bike and scooter rental company backed by Uber, plans to raise funds through a U.S. initial public offering that could value the firm at up to $1.66 billion.

The e-scooter and e-bike rental company is offering shares at $24 to $26 each, with Uber indicating interest in buying up to $20 million worth

The company develops technology it describes as the “brain” for autonomous vehicles. It sells driving assistance systems to carmakers.

Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining ‌a string of issuers rushing to capitalize on AI-driven demand ‌and benefit from a busy summer IPO window. The post-SpaceX IPO market has remained busy as ​companies rush to seize the strong conditions for new listings before the traditional summer lull kicks in. Uber-backed ‌electric-bike startup Lime and ⁠silver miner Sinda also launched their U.S. initial public offering roadshows on Monday.

The Turkish Competition ‌Board said on Friday ‌it had approved Uber ​Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from ‌Emirati controlling ⁠shareholder Mubadala. "The commitment by Uber Technologies ⁠Inc. to invest a total of ​US$500 million ​in ​Turkey is expected ‌to support high-quality employment, strengthen local engineering capabilities, and positively contribute to the development ‌of Turkey's digital ​and technology ​infrastructure," ​the competition board ‌said. Uber said in ​February ​it had agreed to acquire Getir's delivery ​arm, ‌expanding the U.S.-based company's ​Turkish footprint.

The biggest IPOS in U.S. history include a major chipmaker, a ride-hailing firm and a handful of global telecoms.

The service will be accessible through the Uber app and is being developed in collaboration with Switzerland's Federal Roads Office (FEDRO), pending regulatory clearance.