Uber to Power McDonald's App Deliveries as Partnership Widens

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This article first appeared on GuruFocus. Uber Technologies Inc. (NYSE:UBER) rose 1.09% and McDonald's Corp. (NYSE:MCD) gained 0.63% as of 9:35 a.m. ET after the two announced a multi-year expansion of their partnership across 14 markets, including the U.S., the U.K., France, Germany, Canada and Australia. Uber Eats will become the preferred integrated delivery partner for orders placed through the McDonald's app. The companies did not disclose financial terms. Is UBER fairly valued? Test your thesis with our free DCF calculator.UBER GF Value chart McDonald's app orders will mainly be fulfilled through Uber Direct, Uber's white-label delivery service that businesses run on their own channels, in partnership with Deliverect.