Delivery service: About-turn at Delivery Hero – CEO Östberg stays on
A major shareholder had long been pushing for his replacement. But after the takeover by Uber, Niklas Östberg surprisingly remains with the Berlin delivery service.
Frankfurt - Despite facing criticism for its poor profitability and a proposed takeover by Uber, Niklas Östberg, the former CEO of Delivery Hero, will continue to lead the company until at least March 31, 2027. The German food delivery giant is reportedly in talks to be acquired by Uber, with the US company aiming to secure a majority stake in the company for up to 13 billion euros.
Delivery Hero's largest shareholder, Prosus, has reportedly already secured its stake, while it has been revealed that Hong Kong-based investor Aspex has committed to selling its shares as well. Aspex had previously criticized Delivery Hero's low profitability and called for a major overhaul of the company. The situation has been dubbed "a turnaround for Delivery Hero," with the company now set to navigate the challenges of being acquired by a major player in the industry.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
