00:00I WANT TO ASK YOU ABOUT THE UBER DEAL.
00:02IT SEEMS COMPLICATED.
00:04A BUNCH OF DELIVERY HERO MARKETS GOING TO UBER AND A
00:08BUNCH MORE GOING TO PRIVATE EQUITY.
00:10EXPLAIN IT TO US.
00:12IN THIS CASE, UBER AGREED OFFICIALLY, CONFIRMATION TO
00:17BUY DELIVERY HERO, 41 EUROS AND 50 CENTS A SHARE.
00:22IT IS A BIG PREMIUM TO THEIR ATTEMPT EARLIER IN THE SUMMER
00:24OR IN THE SPRING IN MAY.
00:27WHY WOULD UBER DO THIS?
00:28THE SAME REASON THAT ALL OF UBER AND ITS SMALLER PEERS HAVE
00:33LOOKED AT M&A, IT PUTS YOU INTO MARKETS THAT YOU ARE NOT
00:36ALREADY IN.
00:36IN DELIVERY HERO'S CASE, 50 MARKETS THAT THEY HAVE
00:41OPERATIONS IN AND IT GIVES UBER SOMETHING, PARTICULARLY
00:45OUTSIDE OF AMERICA.
00:47I THINK THERE IS A LACK OF UNDERSTANDING REALLY ABOUT HOW
00:51THESE COMPANIES OPERATE EX-U.S.
00:54THE COMPLICATION ON THE FUNDING SIDE IS THAT IT IS CASH,
00:58DEBT, THERE IS A $14 BILLION BRIDGE LOAN.
01:00AND SEPARATELY, SSW PARTNERS IS GOING TO ACQUIRE SOME OF
01:07DELIVERY HERO'S MARKETS THAT UBER IS NOT GOING TO TAKE.
01:11WELL, IF IT GETS THE DEAL DONE, YOU KNOW.
Comments