Baker's TakeDelivery Hero confirms advanced takeover talks with Uber, stake now 19.5%
By
Mr Bagel
Delivery Hero confirmed on Tuesday that it is in advanced negotiations with Uber Technologies regarding a potential takeover offer. The Berlin-based food delivery company's statement, reported by multiple outlets including The Independent and ESM Magazine, marks a significant step in consolidation of the food delivery sector. The confirmation follows disclosures that Uber has increased its ownership stake in Delivery Hero to 19.5%, according to Asianet Newsable.
While the two companies have not publicly discussed an offer price, Asianet Newsable reported that Delivery Hero has declined to comment on valuation. However, a report from the Financial Times, cited by y94.com, suggested the deal could value the German company at approximately 12.5 billion euros ($14.34 billion). The potential acquisition would combine Uber Eats with Delivery Hero's global operations.
Uber's growing stake in Delivery Hero has been seen as a precursor to a full takeover. The ride-hailing and food-delivery giant had previously built up its position in the Berlin-based firm, which operates in markets across Europe, Asia, and the Middle East. KRWK reported that the negotiations are at an advanced stage, though no final agreement has been reached.
The deal, if completed, would reshape the competitive landscape for online food ordering, bringing together two of the industry's largest players. Further details on the offer structure and regulatory approvals are expected as discussions progress. Global Banking & Finance and other outlets have also covered the development.
The reporting
40 outlets covered this story. Each links to the original.
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