Uber has tabled a formal takeover offer for Delivery Hero, the Berlin-based food-delivery company, which confirms the proposal and says it would be made to all shareholders. Multiple outlets report the offer is €33 per share, valuing Delivery Hero at roughly €11–12 billion (about $11.6 billion, depending on currency and timing). The proposed price is described as slightly below Delivery Hero’s closing share price prior to the announcement, and analysts cited across reports suggest some investors may seek a higher price.
Several reports also note Uber already holds a significant stake in Delivery Hero, with Bloomberg and Financial Times reporting that Uber increases its holding through purchases from Aspex Management, raising its ownership percentage to about 36.83% and updating voting rights. Other reporting indicates Uber’s board discusses potential changes to the offer after a major shareholder declined an earlier bid, with Financial Times cited for a possible higher subsequent offer.
Delivery Hero’s shares rise after the announcement, while additional context from some sources says DoorDash has also approached shareholders, pointing to possible negotiations among bidders. The companies’ next steps are not resolved and are described as dependent on ongoing talks.
