business / news / / MarketScreener
Delivery Hero announced it had been approached by Uber Technologies regarding a potential takeover bid.
Uber Technologies proposed acquiring Delivery Hero at €33 per share but faced rejection from a major shareholder.
KEY POINTS
- Uber recently increased its Delivery Hero stake to 19.5%, plus 5.6% in call options.
- DoorDash has separately expressed interest in Delivery Hero’s Middle Eastern operations.
- Shareholders are signaling they would only accept an offer above €40 per share for Delivery Hero.
- Antitrust concerns arise as Uber and DoorDash compete with Delivery Hero in multiple European and global markets.
COMPANIES
Summarized by Newsio from MarketScreener. How we summarize →