Delivery Hero boards urge shareholders to accept Uber offer at EUR 41.5 per share

The bid requires acceptance by at least 50% plus one share, along with regulatory clearances and approvals tied to a planned sale of selected operations to an affiliate of SSW Partners.

Uber reported 24.77% ownership, 11.74% held via instruments, and an irrevocable undertaking for 16.68%, taking its economic interest above 53%.

Completion is expected in the second half of 2027.

Delivery Hero said its management board and supervisory board are urging shareholders to accept Uber's cash offer of EUR 41.5 per share.

The company said the boards backed the offer, citing the strategic fit with Uber's platform and delivery network.