00:00Uber is acquiring parking reservation app Spot Hero to let users book spots for downtown trips, concerts, sporting events, and
00:09airports directly within its app.
00:12The company's CEO said the move will make driving more convenient and pull more users into Uber's ecosystem, even as
00:20it balances strong delivery growth with softer profit guidance.
00:24Founded in 2011, Chicago-based Spot Hero operates in over 400 cities with 13,000 parking locations.
00:33The deal is expected to close in the first half of the year, pending regulatory approval.
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