Uber Raises Delivery Hero Stake to 19.5%, No Control Bid Planned
UBER•Uber Technologies has raised its stake in Delivery Hero to 19.5% plus 5.6% in options, up from 7% in April after investing €270 million ($318 million) in shares from Prosus. The company confirmed it won’t seek 30% voting control and Delivery Hero stock jumped 5.6%.
1. Stake Increase Details
Uber acquired additional shares and instruments to lift its direct ownership in Delivery Hero from 7% to 19.5%, plus secured 5.6% more through options, following a €270 million equity purchase from Prosus.
2. Strategic International Ambitions
The expanded stake bolsters Uber’s effort to compete with DoorDash’s Wolt unit in Europe and other regions, leveraging Delivery Hero’s presence in over 60 countries to accelerate global delivery growth.
3. Voting Rights and Control Threshold
Uber explicitly stated it does not intend to exceed 30% of Delivery Hero’s voting rights, leaving room for future adjustments while stopping short of a controlling position.
4. Delivery Hero Governance Dynamics
Delivery Hero shares surged 5.6% on the news as the company faces investor scrutiny, with CEO Niklas Östberg set to step down after pressure from activist Aspex Management.
