Uber Launches $14.8 Billion Takeover Bid for Delivery Hero
Uber launched a $14.8 billion takeover bid for German food-delivery firm Delivery Hero, advancing weeks of reported negotiations into a formal offer.
The proposal, first detailed by the Financial Times, follows Bloomberg News reports from earlier in the week that Uber was seeking an agreement and preparing to bid above the recent share price. The deal advances consolidation in the global food-delivery sector, with closing still subject to standard regulatory review and shareholder approval.
From the sources (16 posts)
@zerohedge*UBER IS SAID TO BE IN ADVANCED TALKS ON DELIVERY HERO TAKEOVER
@firstsquawkUBER IS SAID TO BE IN ADVANCED TALKS ON DELIVERY HERO TAKEOVER
@firstsquawkUBER SAID PLANNING TO BID WELL ABOVE RECENT DELIVERY HERO PRICE
@firstsquawkUBER SHARES ARE DOWN 2.5%
@wallstengine$UBER is reportedly in advanced talks to acquire Delivery Hero, per Bloomberg. Uber is aiming to reach an agreement as soon as this week and is reportedly planning to bid well above Delivery Hero’s recent share price.
@businessRide-hailing giant Uber is in advanced talks to acquire German food-delivery company Delivery Hero, people familiar with the matter said
@reutersDelivery Hero confirms advanced negotiations with Uber over potential takeover offer
@reutersDelivery Hero confirms negotiations on possible acquisition by Uber
@reutersUber in advanced talks on Delivery Hero takeover, Bloomberg News reports
@firstsquawkDELIVERY HERO ANNOUNCES IT IS IN ADVANCED TALKS FOR A TAKEOVER WITH UBER.
@firstsquawkUBER IS NEARING A €12.5 BILLION DEAL TO ACQUIRE DELIVERY HERO, WITH AN ANNOUNCEMENT EXPECTED AS EARLY AS THURSDAY. AS PART OF THE DEAL, DELIVERY HERO IS SET TO SELL ITS TURKISH UNIT YEMEKSEPETI AND SEVERAL EUROPEAN BUSINESSES TO AN INVESTM
@reutersDelivery Hero confirms advanced negotiations with Uber over potential takeover offer
@reutersDelivery Hero confirms negotiations on possible acquisition by Uber
@reuterslegalDelivery Hero said on Tuesday it was in advanced negotiations with Uber Technologies regarding a potential takeover offer, confirming earlier media reports that the U.S. ride-hailing and food-delivery company is pursuing the German group. h
@reutersUber nears €12.5bn deal to acquire Delivery Hero, FT reports
@nypostUber launches $14.8 billion takeover bid for Delivery Hero