Uber Acquires Additional Stake in Delivery Hero for $318 Million
Uber has agreed to purchase an additional 4.5% stake in Delivery Hero for 20 euros per share, totaling $318 million. The transaction is part of Prosus's effort to comply with European regulators by reducing its stake in Delivery Hero ahead of its proposed acquisition of Just Eat Takeaway.com. The deal involves a 22% premium over Delivery Hero's one-month average share price.
Tickers: $UBER
Topics: Delivery Hero M&A Prosus Regulatory Approval Uber