Uber proposes Delivery Hero takeover - Taipei Times

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Some investors rebuffed Uber’s proposal of 33 euros per share, as they are hoping for more than 40 euros per share, the ‘Financial Times’ reported

Bloomberg

Uber Technologies Inc has offered to take over Delivery Hero SE in a deal that would value the German delivery company at about 10 billion euros (US$11.6 billion) as it seeks to ramp up competition with DoorDash Inc outside the US.Delivery Hero was approached by Uber with an offer of 33 euros per share, and “remains fully focused on executing its strategic review process,” the Berlin-based company said in a statement on Saturday.Uber, which owns 20 percent of Delivery Hero, would be on the hook for about 8 billion euros under those terms.

UberEats and Delivery Hero SE’s Foodpanda bags are pictured on motorcycles in Taipei on May 14, 2024.