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– Amruth S
Uber is said to be in advanced negotiations to acquire German food delivery major Delivery Hero SE, to significantly expand its international logistics footprint, particularly across Europe, Asia, and Latin America. Delivery Hero maintains a large market share in these regions. For Delivery Hero, the transaction would help with selling its core operations, offering an exit strategy to streamline its leveraged capital structure amid investor pressure. The financial parameters and structural terms are still being finalized, as per sources. However, the prospective merger is expected to face antitrust scrutiny across the EU regarding market concentration. In May, Delivery Hero had received a €33/share offer from Uber, where the latter raised its stake in the German company to nearly 37% from 25%.
Uber’s dollar bonds traded stable. Its 4.3% 2030s were at 98.5, yielding 4.8%.
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