Prosus Eyes Increased Stake in Delivery Hero to Counter Uber's Takeover Bid

Prosus Eyes Increased Stake in Delivery Hero to Counter Uber's Takeover Bid

Prosus, the Dutch tech investment firm, is reportedly considering increasing its stake in Delivery Hero. This strategic move is intended to thwart a potential takeover by Uber, which has been making advances towards the German food delivery company.

Currently, Prosus holds approximately 16.83% of Delivery Hero. According to reports, the firm is in discussions with other investors regarding the sale of their shares, which could bolster its position against Uber's bid.

Current Situation:

  • Prosus is exploring options to enhance its shareholding in Delivery Hero.
  • Discussions are ongoing with other stakeholders about share sales.
  • Delivery Hero has not provided any comments on the situation.

While Prosus has yet to respond to inquiries about its plans, the focus remains on maintaining a strong position in Delivery Hero amidst Uber's takeover intentions.

Implications:

  • This move could significantly alter the competitive landscape in the food delivery market.
  • Prosus's increased stake may deter Uber from pursuing its acquisition further.

As the situation develops, the market will be watching closely to see how these negotiations unfold and what impact they may have on the future of both companies.

This editorial summary reflects ET Tech and other public reporting on Prosus Eyes Increased Stake in Delivery Hero to Counter Uber's Takeover Bid.

Reviewed by WTGuru editorial team.