German food delivery group Delivery Hero said Thursday it has agreed to be acquired by U.S. ride-hailing giant Uber in a 12.7 billion euro ($14.6 billion) deal.
Jefferies has raised its target price on Delivery Hero (XETRA:DHER, OTCQX:DLVHF) from €29 to €42.50, arguing that the scramble by Uber Technologies Inc (NYSE:UBER, XETRA:UT8)and DoorDash to acquire the German food delivery group is just the beginning of an endgame that should push the shares higher still. Uber tabled an indicative offer of €33 per share last week, valuing Delivery Hero at around €10 billion, but the approach was swiftly rebuffed.
Delivery Hero stock jumped more than 10% on Monday as investors bet that Uber's opening move for the Berlin-based food delivery group may be only the start of a bigger takeover fight. The immediate trigger was Delivery Hero's confirmation that Uber had made an indicative €33-a-share approach, valuing the company at more than €10 billion.
Delivery Hero SE (DELHY) Q1 2026 Sales/Trading Call Transcript
Dutch technology investor Prosus on Friday said it has agreed to sell a 4.5% stake in Germany's Delivery Hero to Uber for about 270 million euros ($318.06 million)
Delivery Hero SE (DELHY) Q4 2025 Earnings Call Transcript
The company expects earnings to grow over 2026 as it continues to invest in its Asian and Middle East and North Africa markets.
Delivery giant Grab said on Monday it will acquire Delivery Hero's Foodpanda business in Taiwan for $600 million in cash, marking its first expansion beyond Southeast Asia. Grab noted that the deal is still pending regulatory approval and is anticipated to close in the second half of 2026.
Delivery Hero SE (DELHY) M&A Call Transcript
Delivery Hero SE (DELHY) Q4 2025 Sales/Trading Call Transcript
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