Prosus Urges EU to Drop 17% Delivery Hero Sale as Uber Weighs Takeover

5 articles · Updated · Bloomberg · May 25

Prosus has asked the EU to scrap a remedy requiring it to sell its roughly 17% stake in Delivery Hero, according to people familiar with the matter.
The request comes as Uber negotiates a potential takeover of the German food-delivery company, making the stake more strategically valuable to Prosus.
That divestment requirement was tied to EU antitrust approval for Prosus's acquisition of another delivery platform, and Prosus is now seeking to reopen that condition.
Any EU decision could shape Prosus's position in a possible Delivery Hero deal and influence ownership dynamics in Europe's food-delivery sector.

Can Prosus undo an EU antitrust ruling during a multi-billion-dollar takeover battle?

Could the EU's past ruling inadvertently pave the way for an Uber-dominated food delivery market?