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DELHY - Delivery Hero SE: The Uber Deal Is Great News But The Stock Is Not Cheap

Delivery Hero

2024-05-16 15:58:14 ET

Summary

  • Delivery Hero's shares rallied after the announcement that Uber Technologies Inc. will acquire its Taiwanese subsidiary and become a shareholder.
  • The deal will strengthen Delivery Hero's balance sheet and reduce its net debt by almost a third.
  • While Delivery Hero is on a promising path to profitability, there is no guarantee that it will be sustainably net profitable.

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For further details see:

Delivery Hero SE: The Uber Deal Is Great News, But The Stock Is Not Cheap
Stock Information
Company Name: Delivery Hero
Stock Symbol: DELHY
Market: OTC
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