Uber Considers Higher Bid for Delivery Hero After Initial Rejection

Uber is evaluating a revised offer for Delivery Hero following the rejection of an initial proposal. The initial offer, valued at €33 per share, exceeded €10 billion. A subsequent offer of €38 per share was also declined by a major Delivery Hero shareholder.

Delivery Hero's board confirmed receipt of Uber's initial indicative proposal. The company is currently engaged in a strategic review process, which may include a full sale or divestment of certain divisions.

Some Delivery Hero shareholders are reportedly seeking a

Another competitor has also made inquiries regarding Delivery Hero shares, though no purchases have been made. Some Delivery Hero shareholders are reportedly seeking a valuation above €40 per share.

Uber currently holds a 19.5% direct stake in Delivery Hero and an additional 5.6% through derivatives. Reports indicate Uber is exploring acquiring further derivatives, potentially increasing its indirect ownership above 30%.