Uber's board is said to have discussed a further increase in the takeover offer for Delivery Hero on Saturday. Previously, the company had offered one of the largest shareholders of the Berlin-based delivery service 38 euros per share, but was unsuccessful, reports the Financial Times. The offer would have valued Delivery Hero at around 11.5 billion euros.
Several shareholders were seeking a price of more than 40 euros per share for the entire group, it was added. That would correspond to a premium of 19 percent on Friday's closing price.
It was already Uber's second attempt. Delivery Hero confirmed on Saturday that Uber had submitted a non-binding takeover offer of 33 euros per share to shareholders last week. The statement followed an earlier report by the Financial Times. According to the report, Uber CEO Dara Khosrowshahi flew to Oslo last week specifically to promote the offer, but was rebuffed.
Delivery Hero's board is examining a complete sale or transactions in which the Middle East and South Korea businesses could be spun off, sources say. The takeover poker temporarily pushed the Delivery Hero share price to around 37.9 euros on Monday, its highest level since late November 2024. It has thus gained for the eleventh consecutive trading day, by more than 80 percent in total.
