Uber nears €41 a share deal for Delivery Hero - FT

The scale of the M&A is approximately €12.5 billion, which is about 10% of the market capitalization (~$120 billion). While the financial burden is significant, there is potential to secure growth momentum by capturing the global food delivery market. In particular, the acquisition could absorb Delivery Hero's strengths in the European market, improving regional balance. However, it is necessary to consider the integration costs post-acquisition (which will take 12-18 months to realize synergies) and regulatory risks (German/European antitrust laws).

Over the past three months, the stock has been trading sideways in the $120-130 range, with a high likelihood of breaking resistance upon the announcement of acquisition news. Short-term accumulation points are confirmed at $118-120.

In the global competition for the food delivery market, Uber Eats is expected to increase its market share by absorbing Delivery Hero's dominance in the European and Asian markets. Additionally, the intensifying competition among delivery platforms may lead to increased prices, raising expectations for improved profitability. A rise in stock price is anticipated upon the announcement of acquisitions.