Comment / M&A radar: Where to for sennder + Uber Freight Europe now?

Uber Freight’s European foray came to an end this week after its US parent company came to an agreement to sell it to German rival sennder – a company whose name is causing havoc with the autocorrect function of this journalist’s word processing software.

Although the purchase price remained undisclosed, a Bloomberg report cited sources who valued Uber Freight Europe at €900m, and included Uber taking a minority stake in sennder as part of the deal. The acquirer said the deal ...