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Glovo's owner gives 'green light' to Uber's €12.8 billion purchase
Business

Glovo's owner gives 'green light' to Uber's €12.8 billion purchase

SAPO2 September 2026 at 21:06

Uber received approval to buy Glovo in a deal valued at €12.8 billion. The operation brings the two delivery and mobility platforms under the same ownership group in Portugal.

This acquisition completely reshapes the Portuguese delivery and transport market, concentrating two of the largest companies in the sector in the country under a single owner.

Rival Bolt is left isolated after this operation, losing relevance against the new giant formed by the union of Uber and Glovo.

A regulatory battle with the Competition Authority is expected, which will need to analyze and approve the merger of the two companies.

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