Uber Explores Full Delivery Hero Takeover While Holding 19.5% Stake
Uber is exploring options for a full takeover of Delivery Hero, people familiar with the matter said, in a move that would help it compete more effectively with DoorDash outside the US. The company is working with advisers to increase its stake and has discussed potential deals with other Delivery Hero investors.
The talks are ongoing and may not result in an agreement. Uber disclosed this week that it owns 19.5% of Delivery Hero and another 5.6% in options, and said it has no current plan to cross 30%, though it could buy more if an attractive opportunity comes up.
From the sources (5 posts)
@zerohedge*UBER SAID TO STUDY OPTIONS FOR FULL TAKEOVER OF DELIVERY HERO
@firstsquawkUBER IS WORKING WITH ADVISERS TO INCREASE ITS STAKE IN DELIVERY HERO. UBER IS DISCUSSING DEALS WITH OTHER DELIVERY HERO INVESTORS. THE TALKS ARE STILL IN PROGRESS AND MAY NOT RESULT IN AN AGREEMENT. UBER IS CONSIDERING A COMPLETE TAKEOVER O
@stockmktnewz$UBER is reportedly considering options for a full takeover of Delivery Hero
@businessUber is exploring options for a full takeover of Delivery Hero, people familiar with the matter said, a move that would help it better compete with DoorDash outside the US.
@wallstengine$UBER REPORTEDLY EXPLORES FULL DELIVERY HERO TAKEOVER Uber is working with advisers on ways to increase its stake in Delivery Hero, Bloomberg reports. Uber disclosed this week it owns 19.5% of Delivery Hero, plus another 5.6% in options.