Uber Makes €33/Share Takeover Bid for Delivery Hero
Uber submitted a takeover bid for Delivery Hero at €33 per share — a 1.76% discount to the company's most recent trading price. Delivery Hero confirmed it received the offer. Uber's bid represents a move to expand its European food delivery presence through acquisition of one of the continent's largest platforms.
Why It Matters
A confirmed Uber takeover bid for Delivery Hero would create a dominant European food delivery consolidation, combining Uber Eats' platform with Delivery Hero's existing footprint across multiple European markets. The at-discount pricing suggests Uber is moving from a position of leverage rather than competing interest.