Delivery Hero shares surged to their highest level in 18 months after reports emerged that multiple suitors, with Uber as the leading bidder, have approached the company's supervisory board about a potential acquisition. The interest appears broad-based, suggesting a competitive bidding process rather than a single opportunistic offer. Complicating the picture, the company simultaneously faces antitrust scrutiny that could force a regulatory breakup of its business.
Takeover speculation is pushing Delivery Hero's stock sharply higher, and a completed deal at a premium would directly reward shareholders. However, the antitrust overhang introduces real uncertainty — regulators could block or restructure any deal, which limits how high a realistic bid can go. Investors in European food-delivery or Uber itself should watch closely, as a large acquisition would reshape the competitive landscape and weigh on Uber's balance sheet.
Watch for any formal bid announcement from Uber or rival suitors (no fixed date yet). European Commission antitrust review timelines: initial Phase 1 review typically takes 25 working days after a formal filing. Uber's next earnings call for any commentary on M&A strategy.
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