Uber Doubles Stake to 19.5%, Joins DoorDash in €40+ Delivery Hero Bid
UBER•Uber doubled shareholding in Delivery Hero to 19.5% and is in takeover talks with DoorDash, exploring a joint bid for the €10.2B company. Investors demand above €40 per share while Delivery Hero’s board weighs full sale or spin-off of Middle East and South Korea divisions.
1. Investor Talks and Bid Exploration
Uber and DoorDash have held exploratory discussions with Delivery Hero investors on a potential joint takeover bid, aiming to acquire stakes in the €10.2 billion company.
2. Price Targets and Board Deliberations
Investors have indicated they seek offers above €40 per share, while Delivery Hero’s board is evaluating either a total sale or separate spin-offs of its Middle East and South Korea units.
3. Uber’s Accelerated Stake Build
Uber boosted its holding from around 7% to 19.5% of issued capital, making it the largest shareholder ahead of any formal bid announcement.
4. DoorDash’s Regional Focus and Strategic Shifts
DoorDash is targeting Delivery Hero’s Middle East operations, including Talabat and HungerStation, as the company prepares for CEO Niklas Oestberg’s planned resignation.
