Uber's €12.7bn takeover of Delivery Hero becomes a done deal
Uber pauses Europe expansion to smooth takeover path Uber shelved most of its planned Uber Eats launches in Europe, a move seen as reducing antitrust hurdles for its Delivery Hero bid. This raised hopes of a successful deal, supporting DHER shares.
Shows a concrete step by Uber to clear regulatory obstacles, increasing deal certainty.
Uber and Delivery Hero confirm advanced takeover talks Delivery Hero confirmed it was in advanced negotiations with Uber, with a deal likely valuing it above €36 per share. This official confirmation made the takeover highly probable, pushing the stock up.
Directly signals a near-term acquisition at a premium, a major price catalyst.
Uber agrees to buy Delivery Hero for €12.7 billion Uber announced a €41.50 per share offer, a premium to recent prices, with SSW Partners buying some European units to ease regulatory concerns. The deal locks in a high exit price for shareholders.
The actual deal announcement sets a firm floor and upside for DHER shares.
Uber launches tender offer after securing 53% stake Uber reached 53% ownership via a purchase from Prosus and launched a voluntary tender offer for remaining shares. This confirms the deal's progress and gives minority holders a clear path to sell at the offer price.
Shows the acquisition is advancing, reducing uncertainty for remaining shareholders.