American Uber Technologies Inc. is in talks with companies interested in acquiring regional Delivery Hero SE units in Latin America, Asia and Europe as part of a full takeover strategy for the German company. This is reported by foreign media.
The deal will require regulatory approval in several jurisdictions, and the early sale of regional assets could simplify the permitting process.
Uber bought out Aspex Management's stake in Delivery Hero, increasing the total stake to 36.83%. Prior to the Aspex deal, Uber was already Delivery Hero's largest shareholder with a stake of about 20% and 5.6% options. Uber is seeking to acquire Delivery Hero in order to expand its food delivery capabilities beyond the American domestic market in competition with DoorDash Inc., which is interested in buying Delivery Hero's assets in the Middle East, including including the listed business Talabat Holding Plc.
Earlier, Delivery Hero rejected Uber's offer at a price of 33 euros per share, while estimating the company's total value at 10 billion euros ($11.6 billion). The decision to reject Uber's offer is related to the position of some Delivery Hero shareholders, who expect to receive 40 euros per share for a total transaction value of $15-18 billion.
At the same time, the Riyadh-based Ninja fast delivery startup has submitted a preliminary buyout offer for HungerStation, a division of Delivery Hero in Saudi Arabia. Ninja is also showing interest in some of Talabat's assets.
Dutch investment company Prosus NV has sold a 16.8% stake in Delivery Hero to settle EU antitrust claims as part of its acquisition of Just Eat Takeaway in 2025.
Delivery Hero is conducting a strategic asset review to improve financial and operational performance under shareholder pressure amid market consolidation due to slowing growth and fierce competition, the report says.
Uber Technologies Inc. is an American multinational company headquartered in San Francisco, California. The company has developed a mobile application for searching, calling and paying for taxis or private drivers, as well as for food delivery.
Delivery Hero SE is a German multinational company in the field of online food delivery. The headquarters is located in Berlin (Germany) with offices in 60 countries.
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