Uber Considers Raising Bid for Delivery Hero
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 49 minutes ago
0mins
Source: Newsfilter
- Board Meeting: Uber's board met on Saturday to discuss raising its bid for German food delivery group Delivery Hero, indicating the company's strong intent to expand its market share.
- Shareholder Rejection: A major shareholder rebuffed Uber's initial offer, which valued Delivery Hero at over €11.5 billion (approximately $13.39 billion), reflecting cautious market sentiment regarding the deal.
- Market Implications: Uber's bid failing to gain shareholder support may impact its expansion plans in the European market, particularly in the highly competitive food delivery sector.
- Currency Impact: The report notes the current exchange rate of $1 = €0.8590, suggesting that fluctuations in this rate could influence Uber's final bidding strategy for Delivery Hero.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 73.610
Low
72.00
Averages
107.10
High
150.00
Current: 73.610
Low
72.00
Averages
107.10
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Delivery Hero Confirms Uber's €33 Share Acquisition Proposal
- Acquisition Proposal Confirmation: Delivery Hero SE confirmed that Uber made an indicative proposal of €33 per share, indicating market interest in the company's future and potentially influencing shareholder decisions.
- Strategic Review Ongoing: Despite the acquisition proposal, Delivery Hero stated it remains focused on its strategic review process, demonstrating the company's commitment to decisive action in the face of external pressures.
- Stock Price Increase: As of May 22, DHER.DE closed at €33.59, up €0.62 or 1.88% from the previous trading day, reflecting a positive market reaction to the acquisition news.
- Positive Market Reaction: Uber's acquisition proposal has garnered significant market attention, and Delivery Hero's stock performance may impact its future financing and investment strategies, further solidifying its position in the competitive food delivery market.
See More
Uber Considers Raising Bid for Delivery Hero
- Board Meeting: Uber's board met on Saturday to discuss raising its bid for German food delivery group Delivery Hero, indicating the company's strong intent to expand its market share.
- Shareholder Rejection: A major shareholder rebuffed Uber's initial offer, which valued Delivery Hero at over €11.5 billion (approximately $13.39 billion), reflecting cautious market sentiment regarding the deal.
- Market Implications: Uber's bid failing to gain shareholder support may impact its expansion plans in the European market, particularly in the highly competitive food delivery sector.
- Currency Impact: The report notes the current exchange rate of $1 = €0.8590, suggesting that fluctuations in this rate could influence Uber's final bidding strategy for Delivery Hero.
See More
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- Cloud Business Growth: Microsoft's intelligent cloud segment achieved a 39% revenue increase in Q1, marking its 11th consecutive quarter of over 30% growth, while its AI business annual recurring revenue (ARR) skyrocketed 123%, reflecting rapidly rising customer demand for AI solutions.
- Uber's Market Performance: Uber (UBER) reported a 14% year-over-year revenue increase to $13.2 billion in Q1, with total bookings rising 25% to $53.7 billion, despite a 26% decline from its highs, showcasing its strong performance in the ride-sharing and delivery markets.
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- Cloud Computing Driver: Microsoft's Azure cloud segment achieved a 39% revenue growth last quarter, marking its 11th consecutive quarter of over 30% growth, with over $600 billion in future commitments providing robust support for long-term growth.
- Uber's Market Performance: Uber's revenue rose 14% year-over-year to $13.2 billion in Q1, and despite lackluster stock performance, its gross bookings for delivery and ride-share grew 28% and 25% respectively, demonstrating operational resilience.
- Autonomous Driving Partnerships: Uber has established relationships with over 30 autonomous driving partners and plans to launch autonomous services in 15 cities by year-end, maintaining competitiveness in the market despite the looming threat of robotaxis due to its strong brand and data management capabilities.
See More
Uber Proposes €33 Per Share Acquisition of Delivery Hero Amid Strategic Review
- Acquisition Proposal: Uber (UBER) has proposed to acquire German food delivery company Delivery Hero (DELHY) for €33 per share (approximately $38.29), although this bid has been rejected, indicating Uber's aggressive intent to expand its market share.
- Competitor Interest: In addition to Uber, rival DoorDash (DASH) has also expressed interest in acquiring Delivery Hero, potentially considering a full acquisition or focusing on its Middle Eastern and Turkish operations, which could intensify market competition.
- Strategic Review Context: Delivery Hero's co-founder and CEO Niklas Östberg has agreed to step down by March 2027 as part of a strategic review initiated in response to campaigns from several large shareholders, highlighting the company's proactive approach to management restructuring under external pressure.
- Focus on Strategic Execution: Delivery Hero has stated it remains fully committed to executing its strategic review process and will share further updates as necessary, demonstrating the company's determination to maintain transparency in an uncertain environment.
See More
Uber Confirms Takeover Offer for Delivery Hero
- Takeover Proposal Confirmation: German food delivery service Delivery Hero confirmed it received a takeover offer from rival Uber, valuing the company at €33 ($38.29) per share, which represents a 1.76% discount from Delivery Hero's last close, indicating market caution regarding the deal.
- Shareholder Structure Change: Prior to the takeover proposal, Uber increased its stake in Delivery Hero from approximately 7% to 19.5%, becoming its largest shareholder with a stake worth around €1.7 billion, which could influence Delivery Hero's strategic decisions moving forward.
- CEO Resignation Impact: Delivery Hero's CEO Niklas Oestberg announced his resignation last week following demands from several large shareholders for a strategic review, a leadership change that may affect the company's response to Uber's takeover proposal and its future direction.
- Strategic Review Ongoing: Despite the market interest generated by Uber's takeover proposal, Delivery Hero reiterated its commitment to executing its strategic review process without disclosing further details about Uber's offer, reflecting the company's cautious approach in the face of external pressures.
See More
Delivery Hero Confirms Uber's €33 Share Acquisition Proposal
- Acquisition Proposal Confirmation: Delivery Hero SE confirmed that Uber made an indicative proposal of €33 per share, indicating market interest in the company's future and potentially influencing shareholder decisions.
- Strategic Review Ongoing: Despite the acquisition proposal, Delivery Hero stated it remains focused on its strategic review process, demonstrating the company's commitment to decisive action in the face of external pressures.
- Stock Price Increase: As of May 22, DHER.DE closed at €33.59, up €0.62 or 1.88% from the previous trading day, reflecting a positive market reaction to the acquisition news.
- Positive Market Reaction: Uber's acquisition proposal has garnered significant market attention, and Delivery Hero's stock performance may impact its future financing and investment strategies, further solidifying its position in the competitive food delivery market.
See More
Uber Considers Raising Bid for Delivery Hero
- Board Meeting: Uber's board met on Saturday to discuss raising its bid for German food delivery group Delivery Hero, indicating the company's strong intent to expand its market share.
- Shareholder Rejection: A major shareholder rebuffed Uber's initial offer, which valued Delivery Hero at over €11.5 billion (approximately $13.39 billion), reflecting cautious market sentiment regarding the deal.
- Market Implications: Uber's bid failing to gain shareholder support may impact its expansion plans in the European market, particularly in the highly competitive food delivery sector.
- Currency Impact: The report notes the current exchange rate of $1 = €0.8590, suggesting that fluctuations in this rate could influence Uber's final bidding strategy for Delivery Hero.
See More
Billionaire Investors Favor Microsoft and Uber
- Microsoft Investment Surge: In Q1 2026, Microsoft (MSFT) attracted hedge fund investors despite a 23% drop from its highs, with its Microsoft 365 productivity tool user base surging 250% to 20 million, indicating strong market demand and future growth potential.
- Cloud Business Growth: Microsoft's intelligent cloud segment achieved a 39% revenue increase in Q1, marking its 11th consecutive quarter of over 30% growth, while its AI business annual recurring revenue (ARR) skyrocketed 123%, reflecting rapidly rising customer demand for AI solutions.
- Uber's Market Performance: Uber (UBER) reported a 14% year-over-year revenue increase to $13.2 billion in Q1, with total bookings rising 25% to $53.7 billion, despite a 26% decline from its highs, showcasing its strong performance in the ride-sharing and delivery markets.
- Autonomous Driving Partnerships: Uber has established partnerships with over 30 autonomous driving companies and plans to launch autonomous services in 15 cities by year-end; despite the looming threat of robotaxis, the company has not seen any business impact, underscoring its significance in the future market.
See More
Investment Opportunities in Microsoft and Uber
- Microsoft Growth Potential: Despite a 23% decline from its highs, Microsoft's productivity and business processes segment saw a 17% revenue increase last quarter to $35 billion, highlighting its integral role in enterprise workflows and strong AI momentum.
- Cloud Computing Driver: Microsoft's Azure cloud segment achieved a 39% revenue growth last quarter, marking its 11th consecutive quarter of over 30% growth, with over $600 billion in future commitments providing robust support for long-term growth.
- Uber's Market Performance: Uber's revenue rose 14% year-over-year to $13.2 billion in Q1, and despite lackluster stock performance, its gross bookings for delivery and ride-share grew 28% and 25% respectively, demonstrating operational resilience.
- Autonomous Driving Partnerships: Uber has established relationships with over 30 autonomous driving partners and plans to launch autonomous services in 15 cities by year-end, maintaining competitiveness in the market despite the looming threat of robotaxis due to its strong brand and data management capabilities.
See More
Uber Proposes €33 Per Share Acquisition of Delivery Hero Amid Strategic Review
- Acquisition Proposal: Uber (UBER) has proposed to acquire German food delivery company Delivery Hero (DELHY) for €33 per share (approximately $38.29), although this bid has been rejected, indicating Uber's aggressive intent to expand its market share.
- Competitor Interest: In addition to Uber, rival DoorDash (DASH) has also expressed interest in acquiring Delivery Hero, potentially considering a full acquisition or focusing on its Middle Eastern and Turkish operations, which could intensify market competition.
- Strategic Review Context: Delivery Hero's co-founder and CEO Niklas Östberg has agreed to step down by March 2027 as part of a strategic review initiated in response to campaigns from several large shareholders, highlighting the company's proactive approach to management restructuring under external pressure.
- Focus on Strategic Execution: Delivery Hero has stated it remains fully committed to executing its strategic review process and will share further updates as necessary, demonstrating the company's determination to maintain transparency in an uncertain environment.
See More
Uber Confirms Takeover Offer for Delivery Hero
- Takeover Proposal Confirmation: German food delivery service Delivery Hero confirmed it received a takeover offer from rival Uber, valuing the company at €33 ($38.29) per share, which represents a 1.76% discount from Delivery Hero's last close, indicating market caution regarding the deal.
- Shareholder Structure Change: Prior to the takeover proposal, Uber increased its stake in Delivery Hero from approximately 7% to 19.5%, becoming its largest shareholder with a stake worth around €1.7 billion, which could influence Delivery Hero's strategic decisions moving forward.
- CEO Resignation Impact: Delivery Hero's CEO Niklas Oestberg announced his resignation last week following demands from several large shareholders for a strategic review, a leadership change that may affect the company's response to Uber's takeover proposal and its future direction.
- Strategic Review Ongoing: Despite the market interest generated by Uber's takeover proposal, Delivery Hero reiterated its commitment to executing its strategic review process without disclosing further details about Uber's offer, reflecting the company's cautious approach in the face of external pressures.
See More
