Delivery Hero SE confirmed on Saturday that it received a full takeover offer from Uber Technologies Inc. (NYSE:UBER) at €33 ($38.29) per share.
Founded in 2011 and headquartered in Berlin, Delivery Hero is a multinational online food ordering and delivery platform operating across 60+ countries in Europe, Asia, Africa, Latin America and the Middle East.
Stake Build Preceded The Formal Offer
Before making the formal offer, Uber almost tripled its stake in Delivery Hero, increasing it from about 7% to roughly 19.5% of issued capital. This move made Uber the company's largest shareholder.
Delivery Hero co-founder and CEO Niklas Ostberg announced his resignation last week after several large shareholders pushed for a strategic review.
