A360
Key Takeaways✦ Atlas AI
01
Uber is considering a higher bid for Delivery Hero after its initial offer of over €10 billion was rejected, indicating strong interest in acquiring the food delivery company.
02
Delivery Hero's ongoing strategic review and shareholder demands for over €40 per share suggest a competitive acquisition landscape, potentially driving up the final sale price.
03
Uber's existing 19.5% direct stake and efforts to increase indirect ownership through derivatives signal a strategic move to gain significant control, regardless of a full acquisition.
Atlas AI
Uber is evaluating a revised offer for Delivery Hero following the rejection of an initial proposal. The initial offer, valued at €33 per share, exceeded €10 billion. A subsequent offer of €38 per share was also declined by a major Delivery Hero shareholder.
Delivery Hero's board confirmed receipt of Uber's initial indicative proposal. The company is currently engaged in a strategic review process, which may include a full sale or divestment of certain divisions.
Some Delivery Hero shareholders are reportedly seeking a
Another competitor has also made inquiries regarding Delivery Hero shares, though no purchases have been made. Some Delivery Hero shareholders are reportedly seeking a valuation above €40 per share.
Uber currently holds a 19.5% direct stake in Delivery Hero and an additional 5.6% through derivatives. Reports indicate Uber is exploring acquiring further derivatives, potentially increasing its indirect ownership above 30%.
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