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Wednesday, 27 May 2026

Compiled with AI from public news sources. Folio is editorial commentary for commercial-awareness practice, not legal advice. Verify any detail against the linked sources before relying on it professionally.

All M&A Capital Markets Banking & Finance Energy & Tech Regulation Disputes International AI & Law

Top Story/M&A

Uber Makes €10 Billion ($11.6bn) Takeover Approach for Berlin-Based Delivery Hero in Landmark Food-Delivery Consolidation Move

Uber Technologies has made an indicative takeover proposal valuing Delivery Hero at €10 billion (approximately $11.6 billion), priced at €33 per share. The approach, confirmed by Delivery Hero, sent the Berlin-listed company's shares up as much as 13% in early European trading. Uber has been building its position in the German food-delivery group, emerging as Delivery Hero's largest shareholder through sizable stake purchases in the weeks before the formal approach. The bid arrives at an inflection point for Delivery Hero, which has undergone a significant strategic reset — including a restructuring of its ownership structure and the announced departure of its co-founder and chief executive. The company operates across multiple markets, giving Uber a potential springboard to accelerate its food-delivery presence beyond its existing footprint. The proposal is described as indicative and addressed to all shareholders, meaning no formal offer documentation has been published. At the offer price of €33 per share, the deal would rank among the largest cross-border technology-sector acquisitions in recent years. Regulatory scrutiny across European competition authorities is an obvious next step given the combined market positions of both businesses in food delivery. No legal advisers have been named in the sources.

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Also Today

SoftBank Mandates Banks for Dual US IPOs of SB Energy and AI Robotics Spinoff Roze as Japanese Conglomerate Accelerates US Listing Strategy

FCA Weighs Mandatory Quarterly Disclosure Rules for Private Credit Firms as Regulator Coordinates with FSB and IOSCO on Systemic Risk Framework

EU Eyes Record Fine Against Google Under Digital Markets Act as AI Search Changes Fail to Satisfy Commission's Gatekeeper Obligations

Post-Iran War Inflation Forecast 'Wider, Deeper and More Persistent', Reshaping UK Energy Project Financing and Regulatory Risk Assessments

PRA Runs Unannounced Live Crisis Simulation on London Market Insurers as Regulator Intensifies Systemic Risk Testing Across Specialist Lines

The Prudential Regulation Authority (PRA) — the UK's financial stability regulator — has conducted a live, unannounced stress-testing exercise on members of the International Un…

“Blind live crisis simulations shift the PRA's supervisory toolkit from paper compliance to real-time operat…”

International

Oakley Capital Acquires Majority Stake in Belgian Software Business Xtel from Bain Capital and SilverTree in Cross-Border PE Secondary Transaction Advised by Simpson Thacher

London-based investment manager Oakley Capital has agreed to acquire a majority stake in Xtel, a Belgian software company focused on products for consumer goods businesses, from…

Simpson ThacherOakley Capital

“PE secondaries in European software show the asset class retaining deal flow even as primary LBO markets fa…”

Disputes

Rosen Law Firm Investigates Securities Claims Against TruBridge Over Revenue Recognition Errors as Healthcare IT Group Misses Annual Report Deadline

The Rosen Law Firm is investigating potential securities class action claims on behalf of shareholders of TruBridge, Inc. (NASDAQ: TBRG), a US-listed healthcare IT company, foll…

Rosen Law Firm

“Multi-year revenue recognition restatements are the most reliable trigger for US securities class actions —…”

Bigger Picture

Sector Watch

Private Credit Transparency Reckoning

The FCA's consideration of mandatory quarterly disclosure for private credit managers, the ECB's stress-test finding that European insurers hold €211bn of exposure and would absorb outsized losses in a shock, and Apollo's voluntary move to daily portfolio pricing are converging into a structural shift in private credit's regulatory environment. For UK-domiciled direct lending funds, the combination of domestic FCA scrutiny and cross-border FSB/IOSCO coordination means the opacity premium that has characterised private credit for a decade is closing fast. Funds practices at City firms should expect a sustained wave of fund document amendments, LP disclosure renegotiations, and compliance advisory mandates as managers race to get ahead of formal rules.

One to Follow

The European Commission's live DMA enforcement process against Google over AI Search integration — penalty stage reportedly approaching with potential fines up to 10–20% of global annual revenue

The outcome will establish the first real-world precedent for how the Commission prices AI-feature-driven gatekeeper violations under the DMA, directly shaping compliance strategies for every major tech platform operating in the EU and creating sustained advisory demand in technology regulatory and competition practices at firms with Brussels and London offices.

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