Uber Eyes Higher Bid for Delivery Hero After €11.5B Offer Rejected
Uber's initial €11.5 billion takeover offer for Delivery Hero was turned down, and the ride-hailing giant is now reportedly weighing a higher bid. Uber has already engaged directly with at least one major Delivery Hero shareholder as it looks to advance the deal. No revised figure has been publicly disclosed, but the pursuit appears active.
Delivery Hero shares are directly in play — rejected bids historically push target stock prices higher as the market prices in a premium outcome. For Uber investors, a large acquisition raises questions about capital allocation and whether the price tag justifies the strategic gain in European and global food delivery market share.
No confirmed date yet for a revised Uber bid. Watch for Delivery Hero (DHER.DE) trading volume and any official regulatory filings with German financial authorities (BaFin). Uber's next earnings call will be a key moment for management to address M&A strategy.
- Uber considers higher bid for Delivery Hero after €11.5bn offer rejected · Financial Times
- Uber weighs higher bid for Delivery Hero, FT reports · Investing.com
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