Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsE-Commerce SolutionsDelivery Hero jumps as market bets on sweetened Uber takeover bidDelivery Hero has been conducting a strategic review of its assets following pressure from shareholdersAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Uber owns 20 per cent of Delivery Hero. Any bidder will have to contend with the handful of shareholders with big stakes. Photo by Jason Alden/BloombergShares in Delivery Hero SE surged above a €10 billion (US$11.6 billion) takeover offer by Uber Technologies Inc. as investors bet that a higher price will be required to close a deal.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe stock climbed 11 per cent to €37.16 at 2:36 p.m. in Frankfurt, about 13 per cent over Uber’s indicative offer of €33 a share. The shares touched the highest since November 2024 with trading volume 33 per cent above the 20-day average for this time of day.Uber’s proposal offers no premium to the closing price Thursday, the day before Bloomberg News first reported the talks. That may create an opportunity for rival bids. DoorDash Inc. has expressed interest in Delivery Hero’s Middle East business, known as Talabat, but has yet to put in an offer, a person familiar with the matter previously told Bloomberg News. The FT had also reported on DoorDash’s interest previously.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“We think there is defendable value well above €40 with ways to get there either through a breakup or a bid for the whole company,” Barclays PLC analysts wrote in a note to clients.Any deal would trigger serious antitrust issues, notably in the European Union, Barclays said, adding a layer of uncertainty to the completion of a takeover offer.The Financial Times reported Saturday that Uber’s offer was rebuffed, with some investors seeking a price exceeding €40 a share.Uber owns 20 per cent of Delivery Hero. Any bidder will have to contend with the handful of shareholders with big stakes. Investment company Prosus NV holds almost 17 per cent. Aspex Management, the activists that succeeded in ousting co-founder Niklas Öestberg and have lobbied for more asset sales, own more than 14 per cent.Delivery Hero has been conducting a strategic review of its assets following pressure from shareholders. Its stock has rallied 80 per cent in May, the biggest monthly gain on record. 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