Uber's $15 Billion Takeover Bid Gets Delivery Hero Board Backing
By Joshua Kirby
Delivery Hero confirmed it is in favor of a $14.8 billion takeover bid from Uber Technologies and advised shareholders to accept it, advancing the planned tie-up of two of the world's biggest food-delivery platforms.
The German delivery company said Wednesday its management and supervisory boards had independently reviewed the U.S. giant's offer.
"They deem the offer to be in the best interest of the Company, its shareholders, employees and other stakeholders," Delivery Hero said. "They therefore support the Offer and recommend that Delivery Hero shareholders accept it."
"The Management Board and the Supervisory Board share Uber's view that the combination has the potential to accelerate product innovation and create significant additional opportunities for employees, customers, merchants, riders, drivers, and other stakeholders," Delivery Hero said.
Uber said in July it had reached an agreement to buy Delivery Hero in a deal valuing the smaller company at $14.8 billion. Delivery Hero said at the time its boards planned to support the deal.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
September 02, 2026 12:54 ET (16:54 GMT)
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