Delivery Hero, the German food delivery service, has officially acknowledged a takeover offer from Uber, valuing the company at €33 ($38.29) per share. This offer reflects a slight discount of approximately 1.76% from the company's closing price on the previous Friday.
Recently, Uber increased its stake in Delivery Hero to about 19.5% from roughly 7%, making it the largest shareholder with a stake valued at around €1.7 billion. This strategic move comes as Delivery Hero's CEO, Niklas Oestberg, announced his resignation amid calls for a strategic review from major shareholders.
Current Focus: Delivery Hero is concentrating on its strategic review process and has not provided further details regarding Uber's proposal.
Uber's interest in a full acquisition of Delivery Hero has been reported, which led to a 1.6% decline in Uber's stock shares following the news.
Key Takeaways
- Uber's takeover offer values Delivery Hero at €33 per share.
- The offer is slightly below Delivery Hero's recent stock price.
- Uber's stake in Delivery Hero has significantly increased, making it the largest shareholder.
- Delivery Hero is undergoing a strategic review amidst leadership changes.
Implications for Stakeholders
This development is crucial for investors and stakeholders in both companies as it could reshape the competitive landscape in the food delivery market.
