The management and supervisory boards at Delivery Hero concluded that the buyout price is fair and provides a catalyst for faster product innovation. With Uber already holding a significant stake in the firm, the deal requires a minimum acceptance threshold of 50% plus one share of outstanding capital to proceed. Major shareholder Prosus has already signaled its support, agreeing to offload its 17% stake as part of the transaction.
In section Startups & Technology
Uber to Acquire Delivery Hero in $15 Billion Consolidation Play
Delivery Hero’s board has officially endorsed a $15 billion takeover bid from Uber, signaling a massive shift in the global food delivery landscape. By recommending that shareholders accept the offer, the company aims to merge its operations into what would become the world’s largest on-demand delivery platform outside of China.
This move intensifies the ongoing arms race against rivals like DoorDash and Just Eat Takeaway. The acquisition follows a series of sector-wide maneuvers, including Uber’s $335 million purchase of Turkey-based Getir and various regional divestments. To streamline the path to regulatory approval, Delivery Hero previously offloaded operations in 14 overlapping markets to SSW Partners for $1.6 billion, clearing the way for Uber to integrate its global footprint more aggressively.
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