uber
The Berlin based food delivery service Delivery Hero has found a buyer for its Foodpanda business in Taiwan, giving it some financial breathing space. The US ride-hailing and delivery service Uber wants to acquire the business for $950 million, Delivery Hero announced in Berlin on Tuesday. The sale is to be finalised in the first half of next year. The US group will also acquire a stake of just under 3% in the MDax-listed company. To this end, around 8.4 million new shares are to be sold to Uber for €33 each ($35.50) via a capital increase. The heavily indebted German company will thus receive...
DPA International
US-based ride-hailing company Uber settled a long-running legal dispute with Australian taxi and car hire services on Monday by agreeing to a payout of almost A$272 million ($179 million), according to the Australian Associated Press (AAP). A court hearing on Monday for the class action brought by 8,000 taxi drivers and car hire companies against Uber was cancelled, AAP reported citing judicial sources. The case was the fifth-largest class action in Australian legal history. The plaintiffs argued that Uber's "aggressive entry into the market" in 2012 had caused huge financial loss to other tra...
DPA International
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