Delivery Hero's Boards Recommend Acceptance of Uber's Takeover Offer

Delivery Hero SE's Management and Supervisory Boards have issued a joint statement recommending shareholders accept a takeover offer from Uber. They consider the offer beneficial for the company, its shareholders, employees, and other stakeholders. The offer price is deemed fair, with a cash consideration of EUR 41.50 per share, representing substantial premiums over recent trading prices.

The takeover proposal aligns with strategic interests, combining Uber's global network with Delivery Hero's local expertise, potentially enhancing innovation and opportunities. The acceptance period ends on November 5, 2026.

Completion of the offer requires that Uber secures a minimum acceptance of over 50% of Delivery Hero’s share capital and several regulatory approvals. The detailed conditions are available in Uber's offer document, with completion anticipated in the second half of 2027.