regulation

What does it take to complete a $14.8 billion global acquisition in 2026? The proposed Uber–Delivery Hero transaction offers an answer. From board negotiations and institutional shareholder support to antitrust scrutiny and third-party asset carve-outs, the deal illustrates how major M&A transactions are increasingly structured and governed.

The Supreme Court just closed a key door for activist investors—and most people didn’t notice. In FS Credit v. Saba Capital, the Court stripped private investors of the ability to sue under a major securities law provision, concentrating enforcement power in the hands of regulators.