Overview
Delivery Hero SE shares jumped roughly 6% after Bloomberg reported that Uber Technologies Inc. is in advanced negotiations to acquire the German food‑delivery company. Uber’s shares declined about 2% on the same news.
Deal Progress
Sources familiar with the matter say Uber aims to reach a definitive agreement with Delivery Hero as early as this week. The transaction is expected to value Delivery Hero at a price well above its recent trading level of around €36 per share, surpassing the earlier €33 per‑share offer that Uber had previously floated.
Shareholdings
Uber already holds a 24.99% equity stake in Delivery Hero, and when derivatives are included its total economic interest rises to approximately 36.8%.
Market Impact
Delivery Hero’s stock has appreciated about 62% year‑to‑date, giving the company a market capitalization of €11.2 billion (approximately $12.8 billion). The share price movement reflects investor expectations of a premium acquisition price.
Delivery Hero confirmed it is in advanced negotiations with Uber but declined to comment on any potential offer price.