Overview
- Uber, which agreed Friday to buy 13.6 million Delivery Hero shares at €20 each, will hold about 7% of the company.
- Prosus reduced its Delivery Hero stake to about 21% from roughly 26–27% to satisfy European Commission conditions for its €4.1 billion Just Eat deal.
- Delivery Hero shares rose about 8.5% after the announcement, with the €20 price below Thursday’s close yet about 22% above the one‑month average.
- Prosus still needs to cut its holding further toward single digits by August to meet EU requirements, and the Just Eat transaction awaits final clearance.
- The deal highlights rising cross‑ownership in European food delivery as regulators consider giving more weight to innovation and market resilience in merger reviews.