Uber Launches Bold $33-Per-Share Takeover Bid for Delivery Hero After Becoming Top Shareholder.
Uber Launches Ambitious Buyout Bid for Delivery Hero Following Major Share Acquisition In a high-stakes move to consolidate global dominance over the on-demand logistics sector, ride-hailing and food-delivery giant Uber Technologies has submitted a formal proposal to acquire 100% of Germany-based Delivery Hero . The offer is priced at €33 per share . However, the bidding price sits slightly below Delivery Hero's latest public market valuation, which closed trading on Friday at €33.59 per share . The Road to the Takeover Bid The acquisition offer comes immediately after a significant structural shift in Delivery Hero’s equity distribution. Earlier in the week, Delivery Hero disclosed that Uber had exercised its pre-existing share-purchase options derived from previous cross-border subsidiary asset transactions. This financial activation escalated Uber total stake in Delivery Hero to 19.5% , instantly positioning Uber as the company's single largest shareholder and setting the ...