Uber is actively exploring a full takeover of Delivery Hero, a leading delivery service in Germany, according to a recent report by Bloomberg News.
Strategic Investment Boosts Ownership
If Uber believes that further investment in the Issuer is attractive, Uber may acquire (or seek to acquire) shares or other securities.
Uber Regulatory Filing
- Uber increased its stake in Delivery Hero to approximately 19.5%.
- This marks a significant rise from around 7%, making Uber the largest shareholder.
The announcement follows Uber's recent stake increase, which positions the company strategically in the competitive food delivery sector. However, Uber clarified in a regulatory filing that it does not plan to raise its stake to 30%, which would necessitate a mandatory offer to other shareholders.
While deliberations on the potential acquisition are ongoing, there is no guarantee that a deal will materialize. Responses from both companies remain limited, with Uber not commenting on the matter and Delivery Hero's spokesperson refraining from discussing Uber's intentions.
This development comes as Uber's stock dipped by 1.6%, reflecting market reactions to the news.