Financial Times
Uber is currently considering a higher bid for Delivery Hero following the rejection of its initial acquisition approach.
Sources indicate that Uber made an offer of €38 per share to a significant stakeholder in the German food delivery firm, which pegged the overall valuation at approximately €11.5 billion. This proposal, however, was turned down by the investor involved.
In response to the developments, Uber's board convened on Saturday to deliberate the situation. This indicates the company's sustained interest in fully acquiring Delivery Hero, despite the initial setback. This initiative aligns with Uber's strategy to broaden its food delivery operations on a global scale through consolidation efforts.
While the specific conditions under which Uber might enhance its offer are not explicitly disclosed, the company's readiness to entertain a deal at a higher price point reflects a genuine commitment to securing the Berlin-based competitor.
This unfolding scenario is indicative of the wider consolidation trends within the food delivery industry, as firms aim to enhance their scale and attain operational efficiency amid intensifying competition.
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