Delivery Hero board backs Uber's $15B takeover bid

M&A · Partnership Impact 4
โดย Yahoo Finance·DEUS·Read original
Summary · why it matters

Delivery Hero's board has endorsed Uber's $15 billion takeover offer and recommended that shareholders approve the deal, which would create one of the world's largest on-demand food delivery platforms. The supervisory and management boards deemed the price "fair and adequate" and highlighted the potential to accelerate product innovation. The acquisition would double Uber's global footprint and strengthen its competitive position against DoorDash and Just Eat Takeaway. Uber, already Delivery Hero's largest shareholder, set a minimum acceptance threshold of 50% plus one share, and fellow investor Prosus has agreed to sell its 17% stake. This deal follows a wave of consolidation in the delivery sector, including Uber's $335 million acquisition of Getir, Grab's $600 million purchase of Foodpanda Taiwan, and DoorDash's $3.87 billion takeover of Deliveroo.

Impact on stocks 5

Consumer Discretionary · 2 stocks
Delivery Hero SE
DHER
▲ PositiveCapitalrelevance

Delivery Hero's board endorsed Uber's $15B takeover offer as fair and adequate and recommended shareholder approval.

Digital Finance & Tokenization · 2 stocks
Prosus N.V.
PRX
± MixedCapitalrelevance

Prosus agreed to sell its 17% stake in Delivery Hero as part of the Uber takeover, but the article gives no clear positive or negative read for Prosus.

Robotics & Physical AI · 1 stocks
Uber Technologies Inc
UBER
▲ PositiveCapitalrelevance

Uber's $15B takeover of Delivery Hero would double its global footprint and strengthen its competitive position.

Off-coverage companies 3

Deliveroo plcPrivate± Mixed
relevance

GetirPrivate± Mixed
relevance

Just Eat Takeaway.com N.V.Private± Mixed
relevance