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– Vandit P
Uber agreed to acquire Germany’s Delivery Hero at an equity value of $14.8bn. Uber has made the acquisition conditional on a minimum acceptance threshold of 50% plus one share. The transaction is supported by Delivery Hero’s management and supervisory board and is expected to close in 2H2027. The €41.50/share offer represents roughly a 34% premium to Delivery Hero’s three-month volume-weighted average share price. To address expected antitrust scrutiny from overlapping operations, Delivery Hero will sell operations in 14 markets to SSW Partners for about €1.4bn, while major shareholder Prosus has agreed to sell its nearly 17% stake. The latest deal will help in expanding Uber’s food-delivery network to 99 markets from 50.
Uber’s dollar bonds traded stable. Its 4.3% 2030s were at 98.6, yielding 4.8%
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