Uber Weighs Full Delivery Hero Takeover After Raising Stake to 19.5%

8 articles · Updated · Bloomberg · May 22

Uber is studying a full acquisition of Delivery Hero and has hired advisers to map options for increasing its holding beyond the 19.5% stake it disclosed this week.
The push would deepen Uber’s European delivery footprint and strengthen its position against DoorDash in markets outside the US.
Uber has also approached other Delivery Hero investors to gauge support for a deal, according to people familiar with the matter.
Delivery Hero is listed in Frankfurt, and Uber previously said it could buy more shares but did not then plan to cross the 30% threshold that would trigger a mandatory offer.

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