Uber Weighs Higher Delivery Hero Bid After €11.5 Billion Offer Rebuffed
Uber is considering a higher bid for Delivery Hero after an €11.5 billion offer was turned down, the Financial Times reported. The latest development follows Delivery Hero’s disclosure that it had received an earlier takeover proposal from Uber at €33 a share, and the FT said Uber also recently offered €38 a share to one of Delivery Hero’s biggest investors but was rebuffed.
Earlier reports said Uber and DoorDash had sounded out investors about buying stakes in Delivery Hero, with some shareholders seeking more than €40 a share. The FT has also reported that Delivery Hero’s board was weighing either a full sale or a series of deals that would spin off the group’s Middle East and Korea divisions.
From the sources (19 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.
@reutersUber and DoorDash sound out investors for Delivery Hero bid, FT reports
@firstsquawkINVESTORS HAVE INDICATED THEY WOULD SEEK A PRICE ABOVE €40 PER SHARE FOR DELIVERY HERO- FT
@firstsquawkDELIVERY HERO’S BOARD IS CONSIDERING A FULL SALE OR SERIES OF DEALS THAT WOULD SPIN OFF THE GROUP’S MIDDLE EAST AND KOREA DIVISIONS- FT
@firstsquawkUBER AND DOORDASH HAVE BOTH ENGAGED IN DISCUSSIONS ABOUT ACQUIRING MULTIPLE INVESTORS’ STAKES IN DELIVERY HERO IN RECENT DAYS- FT
@firstsquawkUBER AND DOORDASH SOUND OUT INVESTORS FOR DELIVERY HERO BID- FT
@businessUber proposed buying Delivery Hero for €33 ($38) a share, the German company said on Saturday
@zerohedgeDelivery Hero Confirms Uber's Takeover Bid In Push For Global Food-Delivery Empire
@techmemeDelivery Hero says it received a takeover offer from Uber for €33 per share, a discount of 1.76% from Delivery Hero's close on Friday (Anusha Shah / Reuters) (Visit Techmeme dot com for the link and full context!)
@katie_roofRT @business: Uber proposed buying Delivery Hero for €33 ($38) a share, the German company said on Saturday
@cnbcDelivery Hero confirms takeover offer from Uber
@reutersDelivery Hero confirms takeover offer from Uber
@firstsquawkUBER IS CONSIDERING RAISING ITS BID FOR DELIVERY HERO AFTER ITS €11.5BN OFFER WAS TURNED DOWN — FT.
@ftUber weighs higher bid for Delivery Hero after €11.5bn offer rebuffed
@firstsquawkUBER MADE A €38 PER SHARE BID TO ONE OF DELIVERY HERO'S BIGGEST INVESTORS IN RECENT DAYS BUT WAS TURNED DOWN — FT