HomeBusinessUber Weighs Acquisition of Berlin-Based Delivery Hero
Business

Uber Weighs Acquisition of Berlin-Based Delivery Hero

Shares in Delivery Hero climbed 5.76% on Tuesday after the Berlin-based firm confirmed it is in advanced talks with Uber Technologies. The potential acquisition follows reports that the U.S. giant is moving to absorb the food-delivery competitor, a deal that could reshape the global logistics landscape.

Uber Weighs Acquisition of Berlin-Based Delivery Hero

The interest from Uber sparked an immediate market reaction, pushing Delivery Hero’s valuation higher as investors bet on a premium buyout. While the company has not disclosed specific terms, it confirmed that any formal offer would be extended to all shareholders. Delivery Hero has seen its market value surge 62% this year, reaching roughly 11.2 billion euros.

Uber shares dipped 2% following the news, reflecting investor caution regarding the scale of a potential mega-deal. Delivery Hero’s stock closed at 39.10 euros, signaling strong market confidence that a transaction remains on the horizon. Neither company has provided a timeline for the conclusion of these negotiations.

Comments (0)

Leave a comment

No comments yet. Be the first!