Overview
- Multiple outlets reported on Tuesday that Uber and Berlin-based Delivery Hero are in advanced takeover talks with both sides aiming to finalize an agreement quickly.
- Uber has built about a 36.8% economic and voting stake in Delivery Hero through direct shares, options and the purchase of Aspex Management’s holdings.
- The companies have discussed an indicative offer of €33 per share that values Delivery Hero at roughly €10 billion, though neither firm has confirmed a final price or deal.
- Uber paused most planned Uber Eats expansion in Europe to focus on the takeover process and is preparing proposals to divest regional assets in markets such as Latin America, Asia and parts of Europe to address regulatory concerns.
- If completed, the transaction would give Uber control of a large, global delivery network that spans Europe, Asia, Latin America and the Middle East and could change competition and service choices for consumers and couriers in those markets.