Uber Proposes Acquisition of Delivery Hero for $12.8 Billion to Consolidate Global Food Delivery Market
Uber Technologies is proposing a $12.8 billion deal to acquire Delivery Hero, valuing shares between $37 and $43 per share. The acquisition aims to consolidate the global food delivery market after years of aggressive expansion. Uber has already built a 37% stake in Delivery Hero through block trades with Aspex Management and Prosus.
Tickers: $UBER
Topics: Delivery Hero food delivery consolidation gig economy Uber