Prosus Considers Increasing Stake in Delivery Hero
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
0mins
Source: Newsfilter
- Stake Increase Plan: Prosus is considering raising its stake in Delivery Hero, currently at 16.83%, aiming to strengthen its competitive position in the market.
- Investor Engagement: Prosus has spoken to other investors about the price at which they would be willing to sell their shares, indicating a proactive approach to further investment that could influence Delivery Hero's stock price.
- Acquisition Defense Strategy: This move is seen as a countermeasure against Uber's attempt to acquire Delivery Hero, demonstrating Prosus's commitment to its investment and its desire to consolidate control.
- Market Reaction Anticipation: Although Delivery Hero declined to comment, the market is closely watching how Prosus's potential stake increase could have far-reaching effects on industry dynamics and competitive landscape.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 70.400
Low
72.00
Averages
107.10
High
150.00
Current: 70.400
Low
72.00
Averages
107.10
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Prosus Considers Increasing Stake in Delivery Hero
- Stake Increase Plan: Prosus is considering raising its stake in Delivery Hero, currently at 16.83%, aiming to strengthen its competitive position in the market.
- Investor Engagement: Prosus has spoken to other investors about the price at which they would be willing to sell their shares, indicating a proactive approach to further investment that could influence Delivery Hero's stock price.
- Acquisition Defense Strategy: This move is seen as a countermeasure against Uber's attempt to acquire Delivery Hero, demonstrating Prosus's commitment to its investment and its desire to consolidate control.
- Market Reaction Anticipation: Although Delivery Hero declined to comment, the market is closely watching how Prosus's potential stake increase could have far-reaching effects on industry dynamics and competitive landscape.
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- Favorable Market Environment: Munich, as a leading automotive hub in Europe, features dense city streets and efficient road networks, making it an ideal launch city for commercial autonomous mobility, expected to drive rapid development in the sector.
- Innovative Technology Pathway: Autobrains' Agentic AI decomposes driving tasks into specialized agents capable of real-time decision-making in complex environments, enhancing the reliability and efficiency of autonomous driving across various vehicle platforms.
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- Underwriter Role: Morgan Stanley, as the underwriter for the IPO, will manage SpaceX's direct share program, allowing employees and select individuals to participate without lock-up restrictions, thereby strengthening the relationship between the company and its investors.
- Market Expectations: SpaceX's roadshow could commence this week, with a potential Nasdaq debut around June 12, positioning it to become the third tech company to exceed a $100 billion valuation on its first day of trading in the U.S., following Facebook and Alibaba.
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- Direct Share Program: The company reserves up to 5% of shares for 'certain employees and persons' in a direct share program, allowing employees to benefit from the IPO, breaking the traditional investor monopoly and enhancing employee engagement and loyalty.
- Partnership with Anthropic: SpaceX's agreement with Anthropic involves $1.25 billion monthly payments, with the potential for termination after six months, which could impact revenue stability and requires close monitoring of future developments.
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- Industry Trends: As AI adoption accelerates, many companies are discovering that costs can escalate quickly; for instance, Uber reportedly exhausted its entire 2026 AI budget by April, prompting a reassessment of its AI spending assumptions.
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- Technological Integration: The initiative will utilize Nvidia Drive's Level 4 Hyperion platform, designed for commercial autonomous vehicle operations, which is expected to enhance Uber's competitiveness in the autonomous driving sector and facilitate market expansion.
- Diverse Vehicle Support: Uber noted that the project is being developed as an OEM-agnostic model, allowing the technology to operate across multiple vehicle manufacturers, thereby laying the groundwork for expanding autonomous ride-hailing services across additional urban markets and vehicle platforms in the future.
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Prosus Considers Increasing Stake in Delivery Hero
- Stake Increase Plan: Prosus is considering raising its stake in Delivery Hero, currently at 16.83%, aiming to strengthen its competitive position in the market.
- Investor Engagement: Prosus has spoken to other investors about the price at which they would be willing to sell their shares, indicating a proactive approach to further investment that could influence Delivery Hero's stock price.
- Acquisition Defense Strategy: This move is seen as a countermeasure against Uber's attempt to acquire Delivery Hero, demonstrating Prosus's commitment to its investment and its desire to consolidate control.
- Market Reaction Anticipation: Although Delivery Hero declined to comment, the market is closely watching how Prosus's potential stake increase could have far-reaching effects on industry dynamics and competitive landscape.
See More
Uber and Autobrains Launch Robotaxi Service in Munich
- Strategic Collaboration: Uber and Autobrains announced a partnership at GTC Taipei to launch a robotaxi service in Munich, integrating Uber's mobility platform, Autobrains' autonomous driving technology, and NVIDIA's Hyperion platform to enable scalable autonomous mobility.
- Favorable Market Environment: Munich, as a leading automotive hub in Europe, features dense city streets and efficient road networks, making it an ideal launch city for commercial autonomous mobility, expected to drive rapid development in the sector.
- Innovative Technology Pathway: Autobrains' Agentic AI decomposes driving tasks into specialized agents capable of real-time decision-making in complex environments, enhancing the reliability and efficiency of autonomous driving across various vehicle platforms.
- Broad Commercial Prospects: The program offers automakers a practical path to engage in autonomous ride-hailing by combining vehicle platforms with autonomous technology, positioning Uber's mobility platform to accelerate the development of safe, scalable robotaxi services.
See More
SpaceX IPO to Reserve Shares for Employees
- Employee Share Program: SpaceX reserves up to 5% of its IPO stock for 'certain employees and persons,' aiming to enhance employee engagement and loyalty, which could positively impact overall company morale and market performance.
- Fundraising Target: The IPO is expected to raise up to $75 billion, reflecting strong market demand and investor confidence, potentially making it the largest tech IPO in history, following SpaceX's earlier valuation of $1.25 trillion.
- Underwriter Role: Morgan Stanley, as the underwriter for the IPO, will manage SpaceX's direct share program, allowing employees and select individuals to participate without lock-up restrictions, thereby strengthening the relationship between the company and its investors.
- Market Expectations: SpaceX's roadshow could commence this week, with a potential Nasdaq debut around June 12, positioning it to become the third tech company to exceed a $100 billion valuation on its first day of trading in the U.S., following Facebook and Alibaba.
See More
SpaceX Reveals IPO Details with Direct Share Program
- IPO Scale: SpaceX aims to raise up to $75 billion through its IPO, potentially setting a record, reflecting strong market confidence after its valuation reached $1.25 trillion post-merger with xAI, indicating robust growth prospects.
- Direct Share Program: The company reserves up to 5% of shares for 'certain employees and persons' in a direct share program, allowing employees to benefit from the IPO, breaking the traditional investor monopoly and enhancing employee engagement and loyalty.
- Partnership with Anthropic: SpaceX's agreement with Anthropic involves $1.25 billion monthly payments, with the potential for termination after six months, which could impact revenue stability and requires close monitoring of future developments.
- Market Expectations and Competition: SpaceX's roadshow may start this week, with a potential Nasdaq debut on June 12, and Morgan Stanley managing the direct share program, highlighting significant market interest while facing competition from other tech firms.
See More
Walmart Limits Employee AI Access with Token System
- AI Usage Limitation: Walmart is now providing a fixed number of AI 'tokens' for employees, replacing the previous unlimited access, reflecting the rising computing costs companies face as AI tools become more prevalent.
- Productivity Enhancement: Code Puppy, Walmart's in-house AI assistant, is designed to assist employees with tasks such as creating presentations and analyzing spreadsheets, and despite the usage restrictions, the company continues to push for AI integration in productivity and supply chain operations.
- Industry Trends: As AI adoption accelerates, many companies are discovering that costs can escalate quickly; for instance, Uber reportedly exhausted its entire 2026 AI budget by April, prompting a reassessment of its AI spending assumptions.
- Market Sentiment Shift: Walmart's stock has gained over 15% in the past year, and retail sentiment on Stocktwits shifted from 'bullish' to 'extremely bullish', indicating investor confidence in the company's future AI strategy.
See More
Uber Partners with Autobrains for Robotaxi Development
- Strategic Collaboration: Uber has entered a strategic partnership with Autobrains to develop a robotaxi program in Munich, aiming to combine Uber's ride-hailing platform with Autobrains' autonomous driving technology to support broader deployment of self-driving ride-hailing services.
- Technological Integration: The initiative will utilize Nvidia Drive's Level 4 Hyperion platform, designed for commercial autonomous vehicle operations, which is expected to enhance Uber's competitiveness in the autonomous driving sector and facilitate market expansion.
- Diverse Vehicle Support: Uber noted that the project is being developed as an OEM-agnostic model, allowing the technology to operate across multiple vehicle manufacturers, thereby laying the groundwork for expanding autonomous ride-hailing services across additional urban markets and vehicle platforms in the future.
- Market Outlook: While Uber did not provide financial details or a specific launch date for commercial operations, this collaboration signifies Uber's ongoing efforts to integrate autonomous driving technology into its transportation network, aligning with industry trends exploring scalable robotaxi services.
See More
