Uber launches $14.8 billion offer for Delivery Hero to create global platform
Uber said the deal would nearly double its delivery markets and create a platform with $236 billion in combined gross bookings in 2025.
- Uber Technologies has agreed to acquire Germany's Delivery Hero for approximately €12.9 billion , gaining control of Delivery Hero's operations across 50 markets including Europe, Asia, Latin America, the Middle East, and Africa.
- Delivery Hero's management and supervisory boards have backed Uber's offer of €41.50 per share in cash.
- To address antitrust concerns, Delivery Hero will sell its operations in 14 overlapping markets to investment firm SSW Partners for about $1.6 billion before the acquisition closes.
- The combined business is expected to operate in 99 countries and achieve a pro-forma gross merchandise value of $236 billion by 2025.
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The offer was valued at about US$ 15 billion. The business of OrdersAlready in Chile is within the package of 14 markets that will buy the investment firm SSW Partners.
The Uber - Delivery Hero agreement does not immediately change the map of Greek delivery, as efood passes to SSW Partners and Uber Eats postpones its plans for 2027
Uber Announces USD 13 Bn Takeover Offer for Delivery Hero to Expand Global Delivery Footprint
Get latest articles and stories on Business at LatestLY. The ride-hailing and delivery giant, Uber Technologies, Inc. has announced a USD 13 billion acquisition offer for Delivery Hero. Uber entered into a business combination agreement to launch a voluntary takeover offer for the platform, aiming to expand its global footprint to 99 markets. Business News | Uber Announces USD 13 Bn Takeover Offer for Delivery Hero to Expand Global Delivery Foot…
Uber in $15b deal for Delivery Hero
Uber agreed on Thursday to buy Germany's Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals. The acquisition advances the US ride-hailing firm's efforts to build a global food-delivery business that can better compete with Just Eat, owned by Dutch group Prosus and US rival DoorDash, which has been expanding aggressively. It i…
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