Delivery Hero confirms takeover offer from rival Uber

Berlin — Shares in Delivery Hero surged on Monday after the company confirmed takeover interest from U.S. ride-hailing and food delivery giant Uber, fuelling speculation of a potential bidding war. The Berlin-based food-delivery service, which is listed on Germany’s MDAX index, said Uber had approached it with an offer of €33 ($38) per share for a full takeover. The proposed price was below Delivery Hero's closing share price on Friday. The stock jumped as much as 9 percent to €36.69 on Monday, giving the company a market value of just over €11 billion ($12.8 billion). Uber is already a significant shareholder in Delivery Hero. Analyst Giles Thorne of U.S. investment bank Jefferies said the €33-per-share proposal appeared insufficient, noting that some investors were seeking more than €40 per share. How things proceed from here "is difficult to predict," he wrote. The Financial Times had earlier reported, citing informed sources, that Uber rival DoorDash had also approached Delivery Hero shareholders. DoorDash is reportedly primarily interested in Delivery Hero's Middle EasteWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times