Uber mulls loftier bid for Delivery Hero after €11.5bn approach rebuffed
Uber is weighing a higher bid for Delivery Hero after a major shareholder rebuffed an indicative €38-per-share offer (following an earlier €33-per-share bid that valued the group above €10bn). Some Delivery Hero shareholders are said to want more than €40 per share (about €13bn total). Rival DoorDash is circling as the market consolidates, and Uber is exploring options to push its indirect stake above 30% via derivatives with Morgan Stanley advising. Delivery Hero’s board is considering a full sale or spin-offs of certain divisions, while activist Aspex and Prosus hold stakes; founder Niklas Östberg has signaled he will depart by 2027, with regulatory scrutiny anticipated.
