Uber Acquires Additional Stake in Delivery Hero for €270 Million
Uber has agreed to acquire an additional 4.5% stake in Delivery Hero for €270 million, buying shares at €20 each from Prosus. The deal comes as part of Uber's expansion into the European food delivery market and follows its previous investment in May 2024. The transaction is described as 'opportunistic' and is expected to increase Uber's ownership to around 7%.
Tickers: $UBER
Topics: Corporate Investment Delivery Hero European Expansion Stock Transactions Uber