breaking

Uber Makes €33-Per-Share Takeover Offer for Delivery Hero

Uber Technologies has proposed acquiring German food delivery company Delivery Hero SE at €33 per share, according to an announcement Saturday. The bid represents Uber's strategy to expand its delivery operations beyond its dominant U.S. market position. Delivery Hero operates in multiple countries and regions, making it an attractive target for Uber's ambitions to strengthen its footprint against rival DoorDash and other competitors. The €33 valuation signals Uber's willingness to deploy significant capital for strategic growth.