Overview
- Uber has increased its stake in Delivery Hero to nearly 20% and formally submitted an unsolicited offer of €33 per share, with options that could raise its holding by another 5.6%.
- Financial reporting says Uber has discussed lifting the bid toward €38 and its board has considered further increases, though no higher offer has been confirmed publicly.
- Several large institutional shareholders are seeking more than €40 per share for a full sale, complicating any negotiated deal and raising the hurdle for a takeover.
- DoorDash has also held talks with multiple shareholders and shown particular interest in Delivery Hero’s Middle East business while Delivery Hero’s board is weighing either a full sale or carve-outs of its Middle East and South Korea units.
- The takeover story has driven an intense rally—the stock has logged a multiweek run to near €38—while analysts warn that multi-jurisdictional antitrust reviews, a fragmented shareholder base and high volatility could delay or derail any transaction.