Uber to acquire Delivery Hero in €13B deal, creating platform spanning 99 countries
Uber and one of its affiliates have entered into a business combination agreement to acquire Delivery Hero, thereby extending the mobility and delivery platform to 99 countries. The all-cash acquisition would combine Uber's mobility and delivery operations with Berlin-based Delivery Hero's food delivery and quick commerce network, while preserving its German headquarters and workforce through at least 2029.
Key Takeaways
- Cate Lawrence 1 hour ago Share Share Send email Copy link Uber and one of its affiliates have entered into a business combination agreement to acquire Delivery Hero, thereby extending the mobility and delivery platform to 99 countries.
Under the terms of the voluntary takeover offer, Uber will offer Delivery Hero shareholders €41.
- It began as a food delivery service in 2011 and today runs its own delivery platform on four continents.
Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to deliver groceries and household goods to customers in under 1 hour, often within 20 to 30 minutes.
- " "We are excited about this opportunity with Uber and the possibilities it offers for our employees, shareholders, and partners.
- Additionally, Uber committed to using commercially reasonable efforts to invest €2 billion in Germany through 2031, with a focus on developing its local corporate workforce, growing its nationwide business, and launching autonomous vehicle deployments and partnerships with the German automotive industry.
"This acquisition and Uber's planned investment in Germany demonstrate the attractiveness of the European tech ecosystem, and we intend to keep contributing to its growth," said Niklas Östberg, Co-Founder and CEO of Delivery Hero.
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Stats & Key Facts
- #Uber and one of its affiliates have entered into a business combination agreement to acquire Delivery Hero, thereby extending the mobility and delivery platform to 99 countries.
- #The all-cash acquisition would combine Uber's mobility and delivery operations with Berlin-based Delivery Hero's food delivery and quick commerce network, while preserving its German headquarters and workforce through at least 2029.
- #Acquisition Uber to acquire Delivery Hero in €13B deal, creating platform spanning 99 countries The all-cash acquisition would combine Uber's mobility and delivery operations with Berlin-based Delivery Hero's food delivery and quick commerce network, while preserving its German headquarters and workforce through at least 2029.
- #Cate Lawrence 1 hour ago Share Share Send email Copy link Uber and one of its affiliates have entered into a business combination agreement to acquire Delivery Hero, thereby extending the mobility and delivery platform to 99 countries.
The all-cash acquisition would combine Uber's mobility and delivery operations with Berlin-based Delivery Hero's food delivery and quick commerce network, while preserving its German headquarters and workforce through at least 2029. Acquisition Uber to acquire Delivery Hero in €13B deal, creating platform spanning 99 countries The all-cash acquisition would combine Uber's mobility and delivery operations with Berlin-based Delivery Hero's food delivery and quick commerce network, while preserving its German headquarters and workforce through at least 2029. Cate Lawrence 1 hour ago Share Share Send email Copy link Uber and one of its affiliates have entered into a business combination agreement to acquire Delivery Hero, thereby extending the mobility and delivery platform to 99 countries.
Under the terms of the voluntary takeover offer, Uber will offer Delivery Hero shareholders €41. 50 per share in cash (implying a fully diluted equity value of €13. Berlin-headquartered Delivery Hero currently operates in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa.
It began as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to deliver groceries and household goods to customers in under 1 hour, often within 20 to 30 minutes. "Delivery Hero's talented team has built an extraordinary business, with beloved local brands and strong positions across some of the world's fastest-growing delivery markets," said Dara Khosrowshahi, CEO of Uber.
For more details please read the original article at Tech.eu.
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