Uber Publishes Offer Document for Delivery Hero Takeover

Business Wire··DE·Read original
4▲3 ▼0Impact / 5
Summary · why it matters

Uber International Technologies II Corporation, an indirect wholly-owned subsidiary of Uber Technologies, has published the Offer Document for its voluntary public takeover offer for all outstanding shares of Delivery Hero SE, following approval by the German Federal Financial Supervisory Authority (Bafin). The acceptance period runs from August 27, 2026, to November 5, 2026, with an offer price of EUR 41.50 per share, representing a premium of approximately 108% over the unaffected closing share price on May 8, 2026. Uber, which already holds about 24.77% of Delivery Hero's voting capital and additional economic exposure of about 11.74% through derivatives, has secured an irrevocable undertaking from Prosus for 51,116,174 shares, bringing its total economic interest to approximately 53%. The offer is subject to a minimum acceptance threshold of 50% plus one share and regulatory clearances, with settlement expected in the second half of 2027. Delivery Hero's management and supervisory boards are expected to support the offer, and Delivery Hero has separately agreed to sell certain operations in 14 markets to SSW Partners, a transaction conditional on the offer's closing.

Impact on assets 3

Consumer Discretionary▲
Delivery Hero SE
DHER
▲ PositiveCapitalrelevance

Delivery Hero is the takeover target at a ~108% premium, with management and supervisory boards expected to support the offer.

Robotics & Physical AI▲
Uber Technologies Inc
UBER
▲ PositiveCapitalrelevance

Uber publishes offer document for its voluntary takeover of Delivery Hero at EUR 41.50/share, advancing its acquisition.

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

Prosus gives an irrevocable undertaking for 51,116,174 Delivery Hero shares, supporting the offer's success.

Off-coverage companies 2

Uber International Technologies II Corporationi
Private▲ PositiveCapitalrelevance

Uber's subsidiary is the entity publishing the offer document for the Delivery Hero takeover.

SSW Partnersi
Private± MixedCapitalrelevance

SSW Partners agreed to buy certain Delivery Hero operations in 14 markets, conditional on the offer closing.