Uber is reported to be weighing a higher bid for German food-delivery group Delivery Hero after its earlier offer of €11.5 billion was rebuffed, according to reporting cited from the Financial Times. The bid is understood to have involved an approach to major shareholders in Delivery Hero, with Uber’s representatives reportedly contacting a key shareholder in the company rather than reaching an agreed transaction with the full board. Delivery Hero has not agreed to Uber’s initial proposal, and the reports indicate Uber is reassessing its position and preparing potential next steps to increase the likelihood of acceptance. The disclosures also suggest that any subsequent offer would likely be structured as an escalation from the €11.5 billion level, though the exact size and timing of a revised bid are not detailed in the available information. No additional terms of the reported outreach or board response beyond the rejection of the initial offer are provided in the cited summaries. The situation remains subject to further negotiations and any formal announcements by the companies involved.
Uber considers higher bid for Delivery Hero after €11.5 billion offer rejected
Uber is reported to be weighing a higher bid for German food-delivery group Delivery Hero after its earlier offer of €11.5 billion was rebuffed, according to reporting cited from the Financial Times....
- Uber’s initial bid for Delivery Hero totals €11.5 billion.
- Delivery Hero rejects or does not accept Uber’s €11.5 billion offer.
- Uber reportedly approaches a major shareholder in Delivery Hero as part of its efforts.
- Uber is considering increasing its offer after the rejection.
- The reports cited do not specify the size or timing of any revised bid.
San Francisco based-group approached major shareholder in German food group
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