Overview
- Delivery Hero confirmed it rejected an initial indicative proposal of €33 per share and has not accepted any formal higher bid.
- Reports over the weekend said Uber privately offered €38 a share to a major investor and was turned down while some shareholders are seeking offers above €40 per share.
- Shares jumped to about €37.85 on the takeover speculation, valuing Delivery Hero near €11.5 billion after a sustained rally.
- Uber built a roughly 19.5% stake in Delivery Hero earlier this month, making it the company’s largest individual shareholder.
- Analysts warn the deal would face major antitrust hurdles because the firms overlap in an estimated 17–22 countries, and other bidders such as DoorDash have also held talks with investors while Delivery Hero runs a formal strategic review and plans a CEO handover in March 2027.