Story
Uber Launches $14.8 Billion Takeover Bid for Germany's Delivery Hero
Summary
The U.S. ride-hailing and delivery giant has made an all-cash public offer for the German food delivery firm, seeking to expand its international network in a major industry consolidation move.
Uber on Thursday launched a public takeover offer for Delivery Hero, valuing the German food delivery company at approximately $14.8 billion, according to a report from Reuters. The move represents a significant effort by the U.S. ride-hailing firm to widen its food delivery network in international markets.
The Offer
The all-cash bid proposes €41.50 ($47.58) per share for the Berlin-based company. Uber has made the acquisition conditional on securing a minimum acceptance threshold of 50% plus one share from Delivery Hero's existing shareholders.
Path to Control
Uber has already made substantial progress toward meeting its goal. The company stated it has secured a stake of just under 37% in Delivery Hero, which includes derivatives.
AdA key part of this backing comes from major shareholder Prosus, which has formally agreed to sell its stake of just under 17% to Uber as part of the offer, providing the bid with significant momentum.
Strategic Context
This potential acquisition signals a major step in the ongoing consolidation of the highly competitive global food delivery sector. For Uber, a successful takeover would dramatically expand its presence and scale outside of the United States, integrating Delivery Hero's extensive operations.
The deal underscores the industry's focus on achieving market dominance and operational efficiencies, which are widely seen as critical for long-term profitability in the low-margin food delivery business.
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