Delivery Hero SEDelivery Hero is being acquired at a premium, with Uber reaching 53% ownership and a tender offer for remaining shares.
Uber Technologies announced it will acquire German delivery company Delivery Hero in a $14.8 billion deal. Uber already held a stake and will reach 53% ownership through a purchase from Prosus, followed by a voluntary tender offer for remaining shares. The acquisition roughly doubles the number of markets where Uber offers both delivery and rideshare, responding to DoorDash's international expansion. Motley Fool contributors noted the deal is more defensive than offensive, with Uber's delivery bookings already nearly even with mobility bookings, and highlighted the growing importance of Uber's advertising business layered on its platform.
Delivery Hero SEDelivery Hero is being acquired at a premium, with Uber reaching 53% ownership and a tender offer for remaining shares.
DoorDash, Inc. Class A Common Stock
Uber Technologies IncUber is the acquirer in a $14.8B deal that expands its delivery and rideshare markets and strengthens its advertising business.
Prosus N.V.Prosus is selling its stake in Delivery Hero to Uber as part of the deal, generating proceeds.
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