Delivery Hero SEDelivery Hero's board endorsed Uber's $15B takeover offer as fair and adequate and recommended shareholder approval.
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.
Delivery Hero SEDelivery Hero's board endorsed Uber's $15B takeover offer as fair and adequate and recommended shareholder approval.
DoorDash, Inc. Class A Common Stock
Prosus N.V.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.
Grab Holdings Ltd
Uber Technologies IncUber's $15B takeover of Delivery Hero would double its global footprint and strengthen its competitive position.