What is Uber acquiring from SpotHero?

Uber is acquiring SpotHero to integrate parking reservation services into its ride-hailing platform.

When is the Uber-SpotHero acquisition expected to close?

The acquisition is expected to close in the first half of 2026.

Will Uber One members get parking benefits?

Yes, Uber One members will eventually receive parking benefits as part of their membership.

Home / Business and Economy / Uber Bets Big on Parking with SpotHero Deal

Uber Bets Big on Parking with SpotHero Deal

24 Feb

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Summary

Uber plans to acquire SpotHero for parking reservation integration.
The deal aims to enhance the Uber ecosystem for drivers.
Financial terms remain undisclosed; closing expected in H1 2026.

Uber Bets Big on Parking with SpotHero Deal

Uber Technologies announced its intention to acquire SpotHero, a prominent parking reservation service. This strategic move will embed parking solutions directly within Uber's ride-hailing platform, focusing on commuters, events, venues, and airports.

CEO Dara Khosrowshahi stated the acquisition aims to expand the company's ecosystem, making driving and parking easier for users who opt for personal vehicles. Uber One members are slated to receive parking benefits in the future as part of their subscription.

The financial specifics of the transaction have not been disclosed. Uber expects the deal to be finalized within the first six months of 2026, further integrating various transportation needs into a single user experience.

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