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Delivery Hero jumps 10% after Uber takeover approach
Delivery Hero shares rose 10% to 37 euros (US$43) on May 25 after the Berlin-based food delivery company said it had received an indicative takeover offer from Uber.
At that price, Delivery Hero was valued at about 11.2 billion euros (US$13 billion).
The stock hit its highest level since late November 2024, its highest level in 18 months.
Delivery Hero said on May 23 that Uber’s proposal valued the company at 33 euros (US$38) per share.
That was about 1.76% below Delivery Hero’s closing price.
In a recent update, Delivery Hero said adjusted earnings before interest, taxes, depreciation, and amortization rose 30% in 2025.
🔗 Source: Reuters
Recent Delivery Hero developments
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