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AEROSPACE NEWS

Uber Eyes Higher Bid for Delivery Hero

Key Takeaways
  • Uber's board met to discuss raising its offer for Delivery Hero.
  • The current bid values Delivery Hero over $13.39 billion.
  • A major shareholder rebuffed Uber's initial bid.
  • Uber may increase its offer after the rejection.
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Strategic Implications

This potential bid increase may indicate Uber's growing interest in the food delivery market, which could suggest a shift in the company's strategic priorities. The move may also signal a competitive response to other players in the market, and could have implications for the future of the food delivery industry.

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What Happened

Ride Hailing Giant Considers Increased Offer For Food Delivery Group

Uber’s board met on Saturday to discuss raising its offer for German food delivery group Delivery Hero, after a major shareholder rebuffed an initial bid that would value the company over $13.39 billion. The move comes as Uber looks to expand its presence in the food delivery market, and may signal a shift in the company’s strategic priorities. The news was first reported by the Financial Times, according to Reuters.

Source

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JUMPSEAT
AEROSPACE NEWS
JUMPSEAT
AEROSPACE NEWS

Uber Eyes Higher Bid for Delivery Hero

Sponsored by: Jumpseat Solutions
Key Takeaways
  • Uber's board met to discuss raising its offer for Delivery Hero.
  • The current bid values Delivery Hero over $13.39 billion.
  • A major shareholder rebuffed Uber's initial bid.
  • Uber may increase its offer after the rejection.
Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.
Sign In
Silver membership required Upgrade to Silver to access Key Takeaways.
Upgrade
Strategic Implications

This potential bid increase may indicate Uber's growing interest in the food delivery market, which could suggest a shift in the company's strategic priorities. The move may also signal a competitive response to other players in the market, and could have implications for the future of the food delivery industry.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.
Sign In
Silver membership required Upgrade to Silver to access Strategic Implications.
Upgrade

What Happened

Ride Hailing Giant Considers Increased Offer For Food Delivery Group

Uber’s board met on Saturday to discuss raising its offer for German food delivery group Delivery Hero, after a major shareholder rebuffed an initial bid that would value the company over $13.39 billion. The move comes as Uber looks to expand its presence in the food delivery market, and may signal a shift in the company’s strategic priorities. The news was first reported by the Financial Times, according to Reuters.

Source

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