Delivery Hero SE·Consumer Cyclical

Uber Technologies has increased its stake in Delivery Hero to 36.83% by buying Aspex Management's share of the German food delivery platform, Bloomberg reported Wednesday (May 27), citing a regulatory filing by Delivery Hero. The deal also raised Uber's voting rights attached to shares to 24.99%, according to the report.

Uber stock fell following news it is weighing a takeover of European food delivery business Delivery Hero for $11.6 billion.

Uber (UBER) and DoorDash (DASH) are moving deeper into the Delivery Hero SE (DELHY) story, with both U.S. companies reportedly holding early talks with investor

Uber's board reportedly met Saturday (May 23) to discuss increasing its offer for Delivery Hero. That's according to a report Monday (May 25) from the Financial Times (FT), citing sources familiar with the matter.

Uber Technologies Inc (NYSE:UBER, XETRA:UT8) has made a takeover bid for Delivery Hero (XETRA:DHER, OTCQX:DLVHF), valuing the food delivery company at about €10 billion. Berlin, Germany-headquartered Delivery Hero confirmed it received an offer from Uber at €33 per share, but said the proposal was rejected.

Delivery Hero stock jumped more than 10% on Monday as investors bet that Uber's opening move for the Berlin-based food delivery group may be only the start of a bigger takeover fight. The immediate trigger was Delivery Hero's confirmation that Uber had made an indicative €33-a-share approach, valuing the company at more than €10 billion.
Delivery Hero SE offers online food ordering and delivery services. It operates approximately in 50 countries in Europe, the Middle East, North Africa, Asia, and the Americas. The company was founded in 2011 and is headquartered in Berlin, Germany.
Consumer Cyclical
Specialty Retail
42,711
2021-05-14
1.69