Uber Eyes Full Delivery Hero Takeover After Raising Stake to 19.5%
Uber is exploring a full takeover of Delivery Hero after boosting its stake to 19.5%, with an additional 5.6% in options. Approval may be required to cross ownership thresholds, raising competitive pressure on DoorDash’s international expansion plans.
1. Background on Uber’s Stake Increase
Earlier this week, Uber increased its equity holding in Delivery Hero to 19.5% and holds another 5.6% through options, rapidly building its position via derivatives facilitated by financial advisers.
2. Full Takeover Exploration
Uber is consulting with advisors and engaging other investors to evaluate a potential full acquisition of Delivery Hero, with the aim of strengthening its global food delivery footprint.
3. Regulatory Approval Requirements
Crossing certain ownership thresholds in Europe would trigger mandatory antitrust notifications and approvals, adding complexity and uncertainty to any potential transaction.
4. Competitive Implications for DoorDash
A full takeover of Delivery Hero would intensify competition for DoorDash outside the U.S., leveraging Delivery Hero’s presence in over 60 countries under brands like Foodpanda and Foodora.