Tired of ads? Enjoy an ad-free experience by signing up.
👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

Prosus may lift Delivery Hero stake to fend off Uber

Prosus, a Dutch technology investor, is considering increasing its stake in Berlin-based food-delivery company Delivery Hero, according to people familiar with the matter.

The company also has discussed possible share purchase prices with other investors.

The move is aimed at thwarting a potential takeover attempt for Delivery Hero by Uber.

Prosus held 16.83% of Delivery Hero, according to London Stock Exchange Group data.

The reported move would fit Prosus’s broader food-delivery strategy after it agreed to acquire Just Eat Takeaway.com for 4.1 billion euros (US$4.78 billion), while saying Delivery Hero is part of its global food-delivery portfolio.

Any bid for Delivery Hero would likely face European Union antitrust scrutiny.

Brussels recently approved Prosus’s acquisition of Just Eat Takeaway.com, and food-delivery consolidation in Europe is subject to merger review.

🔗 Source: Reuters

Recent Prosus developments

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.