Takeover: Delivery Hero recommends Uber purchase offer
With Uber's offer, Delivery Hero could change hands. The management of the Berlin-based company supports the planned takeover. The acceptance deadline is November 5.
The leadership of Delivery Hero, a Berlin-based food delivery service, has endorsed a takeover offer from US ride-hailing company Uber. The offer of €41.50 per share is considered fair and in the best interest of the company, its shareholders, employees, and stakeholders. The offer, which is open from August 27 to November 5, would make Uber the largest food delivery service globally outside of China.
As part of the deal, Delivery Hero is selling its business in 14 countries to New York-based investor SSW Partners. The acquisition is expected to be completed in the second half of 2027.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
