BERLIN: Delivery Hero, the German food delivery service, said Saturday it has received a takeover offer from U.S. rival Uber.
The offer values Delivery Hero at 33 euros ($38.29) per share, the company said in a statement. That represents a discount of about 1.76% from Delivery Hero’s closing price Friday, according to LSEG data.
Uber recently increased its stake in Delivery Hero to about 19.5% of issued capital from roughly 7%, becoming its largest shareholder.
The stake is worth about 1.7 billion euros, according to Reuters calculations. Delivery Hero CEO Niklas Oestberg said last week he would step down after several large shareholders pushed for a strategic review.
The company reiterated Saturday that it remains focused on carrying out that review and gave no additional details on Uber’s proposal.
Bloomberg reported Friday that Uber was exploring a full takeover of Delivery Hero, sending Uber shares down 1.6%.
In April, Prosus N.V. agreed to sell about 4.5% of Delivery Hero’s outstanding shares to Uber at 20 euros per share, a 22% premium to the one-month volume-weighted average price as of April 16.
Delivery Hero says it received a takeover offer from Uber for €33 per share, a discount of 1.76% from Delivery Hero's close on Friday (Anusha Shah / Reuters)
(Visit Techmeme dot com for the link and full context!)— Techmeme (@Techmeme) May 23, 2026
The deal generated roughly 270 million euros in gross proceeds for Prosus, reducing its stake from 26.3% to 21.8%.
In May, Prosus sold a 5% stake in Delivery Hero to Aspex Management for 22 euros per share, or about 335 million euros.
That price represented a 10% premium to the closing price and a 22% premium to the 30-day volume-weighted average price as of May 8.
