Delivery Hero confirms takeover offer from Uber

German food delivery service Delivery Hero confirmed it had received a takeover offer from rival Uber valuing the company at 33 euros ($38.29) per ‌share, ⁠it ⁠said in a statement on Saturday.

The ​offer represents a discount of about 1.76% from ​Delivery Hero's last close on Friday, according to LSEG data.

Delivery Hero said ​last week its U.S. ⁠rival had ‌increased its holding to ​about ​19.5% of issued capital from ⁠roughly 7%, becoming its largest shareholder. The ​stake is worth around 1.7 billion ​euros, according to Reuters calculations.


The German group's CEO Niklas Oestberg said last week he would step down, following campaigns by several ‌large shareholders for a strategic review.

The company reiterated that it ​was fully ​focused on executing ⁠its strategic review process, without disclosing additional details on Uber's offer.

Bloomberg reported on Friday ​that Uber was exploring a full takeover of Delivery Hero, after which Uber shares fell 1.6%.