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Stock impact report

Uber Moves Into Parking in Deal to Acquire SpotHero [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Ina Fassbender/Getty Images Uber has agreed to acquire SpotHero , the digital parking marketplace, in a move that expands Uber's ambitions beyond ride-hailing and delivery. The deal was announced on Monday and is expected to close in the first half of 2026, pending regulatory approvals. Financial terms were not disclosed. SpotHero lets drivers reserve and pay for parking in advance, with coverage spanning more than 13,000 garages, lots and valet locations across over 400 cities in the US and Canada. Uber said the company plans to integrate SpotHero's parking services directly into its app, giving customers another option for planning trips that involve driving rather than rides. The acquisition fits into Uber's broader push to become a one-stop transportation app. In recent years, the company has aggressively expanded into food delivery, grocery orders, car rentals, courier services, transit integrations and subscriptions through Uber One. Parking reservations can easily be b Show less Read more
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