The acquisition is contingent upon securing at least 50% plus one share of the German firm. To facilitate the deal, Delivery Hero has simultaneously agreed to divest operations in 14 markets to investment firm SSW Partners for approximately €1.4 billion, a move likely intended to streamline the business and preempt regulatory scrutiny. Antitrust bodies are expected to closely monitor the merger due to the significant overlap in the companies' existing delivery footprints.
Market reaction was swift, with Delivery Hero shares climbing 5.7% in Frankfurt premarket trading. Uber appears well-positioned to move forward, having already secured a stake of just under 37% through existing holdings and derivatives. Crucially, Prosus, a major shareholder, has committed to selling its 17% stake, providing strong momentum for the takeover. While the financial structure is set, the path to completion remains subject to intense regulatory review given the scale of the combined global network.
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