Uber Technologies to acquire Cornershop Global LLC

Uber Technologies, Inc. [UBER] reached an agreement with the minority shareholders of Cornershop Global LLC (“Cornershop”)to acquire their interests in Cornershop in an all-stock transaction following which Cornershop will become a wholly-ownedsubsidiary of the Company. The Company acquired a majority stake in Cornershop in Q3 2020 (other than in Mexico, which closed inJanuary 2021). With this transaction, the Company is acquiring the remaining approximately 47% interest in exchange forapproximately 29 million shares of the Company (including approximately 4 million shares in respect of assumed outstanding stockoptions), subject to certain adjustments set forth in the definitive agreement. The transaction is subject to customary closingconditions and is expected to close in July 2021. Cornershop’s financial results are already fully consolidated in theCompany’s financial statements given the Company’s existingmajority ownership, therefore no change is expected to the Company’s Gross Bookings, Revenue or Adjusted EBITDA as a result ofthe transaction.

The Company intends to issuethe shares of Uber Common Stock described herein (other than the shares issuable in respect of assumed outstanding stock options) in reliance upon the exemptions from registration afforded by Section 4(a)(2) and Rule 506 promulgated under the Securities Actof 1933, as amended.