Uber Technologies

Uber has published the formal offer document for its voluntary takeover bid for Delivery Hero after BaFin approved it. The acceptance period runs from August 27 to November 5; shareholders can tender their ordinary shares for €41.50 in cash, representing a premium of around 108% to the unaffected closing price on May 8. Uber already holds about 24.77% of the voting capital and, via derivatives and a tender commitment from Prosus, has an economic interest of roughly 53%. The offer requires more than 50% acceptance, antitrust clearances and other approvals; Uber waives a domination and profit-and-loss transfer agreement for three years. » More on de.investing.com

Uber exhausted its 2026 budget for AI coding tools within four months as usage scaled faster than governance, prompting a cap on individual monthly spend. The author argues the key metric is not cost but whether AI spend earns revenue, retention or margin, and recommends focusing investment on named workflows with clear owners and measurable outcomes. Examples from Commonwealth Bank and Harrison.ai show value when AI is tied to specific lines and proprietary data, while unmanaged experiments create recurring waste. » More on forbes.com

Uber shares rose 2.1% in pre-market trading after the company unveiled a live video streaming feature that allows parents to monitor their teenage children’s rides in real time. The product safety initiative boosted confidence in the platform and was backed by Citizens with a "Market Outperform" rating and a $100 price target. Analysts point to data from the California Public Utilities Commission showing moderate growth for Waymo, indicating no accelerated threat to Uber’s core ride-hailing business; the stock was at $82.03, well above the 52-week low of $65.41. » More on de.investing.com