Overview
- Delivery Hero confirmed Saturday that it received an indicative takeover offer from Uber of €33 per share and said it will continue its ongoing strategic review.
- Uber built a roughly 19.5% stake in Delivery Hero and holds about 5.6% more through options, which together made it the company’s largest shareholder before the offer was filed.
- The €33 price sits about 1.76% below recent closing levels, so Delivery Hero’s board and shareholders face a decision about whether to seek a higher premium given the stock’s strong recent run.
- Under German law a buyer that crosses 30% ownership must launch a mandatory tender offer, and Uber’s earlier filing that it did not plan to pass 30% contrasts with this formal bid and raises questions about next steps and antitrust reviews.
- Delivery Hero’s CEO has announced he will step down by early 2027 and the company’s strategic review is ongoing, factors that could affect timing of talks and how regulators and employees react to any takeover effort.