DELV News & Analysis

Uber (UBER) Acquires 4.5% Stake in Delivery Hero for $318 Million

Uber (UBER) has agreed to purchase an additional 4.5% stake in Delivery Hero for approximately $318 million, paying 20 euros per share. This acquisition price is below Delivery Hero's closing price prior to the agreement but represents a 22% premium over its one-month average. Prosus, Delivery Hero's largest shareholder, will receive total gross proceeds of around 270 million euros. Currently, Prosus holds approximately 21% of Delivery Hero, a reduction from about 27% announced last year regarding its proposed acquisition of Just Eat Takeaway.com.