Delivery Hero backs Uber's $14.8 billion takeover bid

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4▲3 ▼0Impact / 5
Summary · why it matters

Delivery Hero's management and supervisory boards have endorsed Uber Technologies' $14.8 billion takeover bid, recommending that shareholders accept the offer. The Berlin-based company stated that the boards independently reviewed the offer and deemed it in the best interest of the company, its shareholders, employees, and other stakeholders. Uber announced the acquisition agreement in July, valuing Delivery Hero at $14.8 billion, after gradually increasing its stake to become the largest shareholder. The deal, which follows a rejected €38 per share offer, would combine two of the world's largest food delivery platforms amid ongoing industry consolidation, including DoorDash's acquisition of Deliveroo and Prosus's takeover of Just Eat Takeaway.com. As part of the transaction, Prosus has agreed to divest its remaining Delivery Hero shares to Uber.

Impact on assets 4

Consumer Discretionary▲
Delivery Hero SE
DHER
▲ PositiveCapitalrelevance

Delivery Hero's boards endorse Uber's $14.8 billion takeover bid, recommending shareholders accept the offer.

Robotics & Physical AI▲
Uber Technologies Inc
UBER
▲ PositiveCapitalrelevance

Uber's $14.8 billion takeover bid for Delivery Hero is endorsed by Delivery Hero's boards, moving the deal forward.

Digital Finance & Tokenization▲
Prosus N.V.
PRX
▲ PositiveCapitalrelevance

Prosus agrees to divest its remaining Delivery Hero shares to Uber as part of the transaction, exiting its stake.

Off-coverage companies 2

Deliveroo plci
Private± Mixedrelevance

Just Eat Takeaway.com N.V.i
Private± Mixedrelevance