Uber to acquire SpotHero

On February 23, 2026, Uber Technologies, Inc. (“Uber”) announced that it had entered into an agreement to acquire SpotHero, Inc. (“SpotHero”). The proposed transaction remains subject to regulatory approvals and other customary closing conditions and is expected to close in the first half of 2026.

The acquisition will integrate SpotHero’s parking reservation capabilities into the Uber platform, enabling users to reserve parking through the Uber app.

SpotHero, based in Chicago, Illinois, operates a digital parking marketplace across the United States and Canada, providing access to parking at garages, lots, and valet facilities in more than 400 cities.

Uber is a technology company headquartered in San Francisco that provides mobility, delivery, and logistics services through its platform.

McCarthy Tétrault LLP is advising Uber as Canadian counsel with a team led by Matthew Kelleher that includes Matthew Sanders, Pegah Mortazavian, Rachel Fox, Amin Tehrani (M&A), Patrick McCay, Marie-Soleil Landry, Justin Ng (Tax), Michael Caldecott, Erin Keogh, Benjamin Brown (Competition / Antitrust), Vanessa Johnson, Christopher Yam (Payments Regulatory), Vincent Yip, Jeff Sun (Intellectual Property), Conrad Lee (Information Technology & Privacy), Sarit Pandya (Real Estate), Kelleher Lynch, Julia Miller, Emmanuel Onyemachi (Pensions & Benefits), Justine Lindner, Andrew Weizman (Labour & Employment), Gajan Sathananthan and Delaney Stymiest-Losier (International Trade).