The proposed €33 per share offer values Delivery Hero at approximately €10.5 billion amid a strategic review.
Uber Technologies has proposed acquiring German food delivery group Delivery Hero for €33 ($38.29) per share. The bid was confirmed by Delivery Hero as part of an ongoing strategic review process.
Delivery Hero’s shares closed at €31.80 on Friday, below the proposed offer price. The company has been evaluating strategic options amid pressure to improve profitability and streamline operations.
No immediate market reaction was disclosed, though the bid could reshape competition in the European food delivery sector.