German food delivery group Delivery Hero (DELHY) officially confirmed on Saturday that U.S. ride-hailing company Uber Technologies (UBER) has proposed a takeover bid. The offer, specifically valued at €33 ($38.29) per share, targets the Berlin-based food delivery giant, marking a significant development in the global delivery sector.
This confirmation from Delivery Hero follows an earlier report by The Financial Times, which initially brought the potential acquisition to light. The proposed bid emerges amid an ongoing strategic review by Delivery Hero, a process that has been evaluating various strategic options for the company’s future direction and asset portfolio.
The specified offer price of €33 per share provides a concrete valuation benchmark for Delivery Hero’s stock in the context of this potential acquisition. Uber’s interest in acquiring the German group underscores the continued consolidation trends within the highly competitive global food delivery and ride-hailing markets, where scale and market share are increasingly crucial.
Investors and market observers will be closely watching further developments as Delivery Hero proceeds with its strategic review and formally evaluates the proposal from Uber Technologies, a move that could reshape the industry landscape.
