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Delivery Hero

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Uber Pauses European Expansion to Double Down on Delivery Hero Bid
business6 days ago

Uber Pauses European Expansion to Double Down on Delivery Hero Bid

Uber Eats has halted most of its planned European growth, cancelling launches in five of seven targeted markets (Austria, Norway, Greece among them) as it continues pursuing a €10bn bid to acquire Delivery Hero. The move follows initial launches in Finland and Denmark and comes amid regulatory scrutiny and potential resistance from Delivery Hero’s top shareholder Prosus. Uber remains active in existing markets and argues the pause could ease EU antitrust review, while the group continues to face US competition from DoorDash, leadership changes, and a recent ordering-technical issue.

via Financial Times|
#antitrust-regulation#business#delivery-hero
Uber mulls loftier bid for Delivery Hero after €11.5bn approach rebuffed
business1 month ago

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.

via Financial Times|
#business#delivery-hero#food-delivery
Delivery Hero Targets $1.5B in Talabat IPO
business1 year ago

Delivery Hero Targets $1.5B in Talabat IPO

Delivery Hero SE plans to raise up to $1.5 billion through the IPO of its Middle Eastern unit, Talabat, marking one of the region's largest offerings this year. The IPO will involve a 15% stake in Talabat, with shares priced between 1.50 and 1.60 dirhams, and trading is set to begin on the Dubai Financial Market on December 10. The valuation for Talabat could reach $10 billion, despite recent lackluster IPO debuts in the region. Talabat operates in eight countries and is considered a key asset in Delivery Hero's portfolio.

via Yahoo Finance|
#business#delivery-hero#ipo