Uber Explores Full Takeover of Delivery Hero After Boosting Stake to 25.1%
Uber is exploring a full takeover of Delivery Hero after raising its stake to 19.5% plus 5.6% in options, using Morgan Stanley-structured derivatives and reviewing antitrust thresholds. Delivery Hero shares have climbed 110% over six months to a €10.2 billion market value, while Uber stock dipped 1.9% on the news.
1. Takeover Exploration
Uber is evaluating a full acquisition of Delivery Hero to strengthen its international delivery footprint. The company is working with financial advisers and assessing European antitrust rules before deciding on a formal bid.
2. Stake Accumulation
Uber recently increased its holding to a 19.5% equity stake plus 5.6% in options, leveraging derivatives structured by Morgan Stanley. It has also engaged with other investors in Delivery Hero to gauge their interest and secure potential support.
3. Market Reaction
Delivery Hero’s share price has surged roughly 110% over the last six months, valuing the business at about €10.2 billion. In contrast, Uber’s stock fell 1.9% following reports of its takeover considerations, reflecting investor caution.