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Announced

21 Jun 2021

Uber to acquire the remaining 47% stake in Cornershop for $1.4bn.

Synopsis

Uber Technologies agreed to acquire the remaining 47% stake in Cornershop, a company developing a grocery delivery app, for $1.4bn. "We’re thrilled to join the Uber team to build better solutions for instant local commerce around the world," Oskar Hjertonsson, Cornershop Founder and CEO.

Principals

target

CORNERSHOP

bidder

Uber Technologies

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Market Context

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Seller Team (2)

milad zarpak

Vice President at Qatalyst Partners

Financial Advisor

target

Deals

£ 16.78 B

Total Value

oskar hjertonsson

Founder and CEO at CORNERSHOP

Manager

target

Deals

£ 1.04 B

Total Value

Bidder Team (10)

eric mccrath

Partner at Morrison & Foerster

Lawyer

bidder

Deals

£ 91.26 B

Total Value

randy bullard

Partner at Morrison & Foerster

Lawyer

bidder

Deals

£ 3.53 B

Total Value

dara khosrowshahi

CEO at UBER TECHNOLOGIES INC

Manager

bidder

Deals

£ 17.21 B

Total Value

nelson chai

CFO at UBER TECHNOLOGIES INC

Manager

bidder

Deals

£ 7.69 B

Total Value

rodrigo alvarez

Partner at DLA Piper

Lawyer

bidder

Deal

£ 1.04 B

Total Value

gonzalo zegers

Associate at DLA Piper

Lawyer

bidder

Deal

£ 1.04 B

Total Value

matias zegers

Partner at DLA Piper

Lawyer

bidder

Deal

£ 1.04 B

Total Value

ronald d. sugar

Chairman at UBER TECHNOLOGIES INC

Manager

bidder

Deal

£ 1.04 B

Total Value

german vargas

Associate at DLA Piper

Lawyer

bidder

Deal

£ 1.04 B

Total Value

jorge timmermann

Partner at DLA Piper

Lawyer

bidder

Deal

£ 1.04 B

Total Value

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