Uber goes after Delivery Hero in full, with an offer that sits below the close

▤ Summary

Uber submitted a formal takeover offer for Delivery Hero at €33 per share, an indicative proposal that values the company at roughly €10bn ($11bn) and sits slightly below Delivery Hero’s most recent close. Uber already holds about a 19.5% stake (plus derivatives) and framed this bid as an opening offer amid an ongoing strategic review and CEO succession process at Delivery Hero. DoorDash has also shown interest, and some shareholders are pushing for a higher price nearer to €40, so the proposal is likely the start of a public negotiation. The deal would give Uber Eats a much larger international food-delivery footprint across more than 60 countries, but the price and shareholder response will determine how talks proceed.

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