Delivery Hero, the Berlin-based delivery group, confirmed on Saturday that U.S. rival Uber made a takeover bid valuing the company at 33 euros per share. The move follows Uber’s recent increase in its stake and comes as Delivery Hero navigates a boardroom shake-up that includes CEO Niklas Oestberg stepping down. Share movements and the company’s strategic review are now the focus for investors in both Europe and the U.S.
In its statement, Delivery Hero said it had received an offer from Uber that prices each share at 33 euros. That figure is the headline detail investors will be parsing, because it sets the baseline for any potential sale and frames the negotiation around value per share.
The offer equates to a discount of roughly 1.76% compared with Delivery Hero’s last closing price on Friday. A small discount like that can signal a cautious opening bid from an acquirer, and traders often read such percentages as a hint at how firmly a buyer wants control versus how much premium sellers expect.
Uber has recently increased its stake in Delivery Hero substantially, moving from about 7% to approximately 19.5% of issued capital. That boost made Uber the company’s largest shareholder almost overnight, and the stake is valued at roughly 1.7 billion euros based on public figures, putting real cash backing behind the takeover chatter.
Niklas Oestberg, Delivery Hero’s CEO, announced last week that he would step down amid pressure from several large shareholders demanding a strategic review. Leadership turbulence like that often accelerates takeover speculation, since incoming management or a heat-on-board can shift priorities toward a sale or major restructuring.
Delivery Hero said it remains fully focused on executing its strategic review process while declining to give further details about Uber’s approach. Keeping the review process tight-lipped is a standard corporate move: it preserves negotiating leverage and avoids sending mixed signals to markets before a clear path is chosen.
News outlets reported that Uber had been weighing a full takeover of the German group, and markets reacted to that possibility: Uber’s own shares fell by about 1.6% after the reports. Market swings in the buyer’s stock can reflect investor concern over the cost and integration risks of an acquisition as well as short-term liquidity and strategic trade-offs.
For clarity on currency, the rate cited around the announcement was $1 = 0.8619 euros, a detail investors use when comparing valuations quoted in different currencies. As the situation develops, shareholders and rivals will be watching for formal follow-up from both boards and any material changes to the strategic review process.
