Uber Technologies - Billion Euro Offer for Delivery Hero Rejected
Reading Time: 3 minutes
Uber (UBER) recently increased its stake in the Berlin delivery service Delivery Hero to 19.5% (including 5.6% options). The shares came from the Dutch investment company Prosus. Despite the initial statement from management not wanting to increase the stake above 30%, this move clearly showed strategic ambitions in the European market. CEO Dara Khosrowshahi traveled to Oslo to personally present a takeover offer of 33 euros per share to Delivery Hero's chairwoman, Kristin Skogen Lund. This valued the company at over 11.5 billion euros. After...
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