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Announced

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

Financials

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Transaction Value£1,038m
Consideration TypeCash
Capital Owned-
Capital Bid For47%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Single Bidder

Friendly

Chile

groceries

retail

delivery services

e-commerce

E-commerce

Acquisition

Cross Border

Minority

Pending

Synopsis

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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.

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