European food delivery platform Delivery hero She says she received a takeover offer from… Uber.
“Uber Technologies has reached an indicative offer of €33 per share in connection with a potential takeover offer for all shareholders,” the company said in a statement. press release Saturday (May 23), adding that it “remains fully focused on implementing its strategic review process. Further updates will be provided as appropriate or appropriate.”
Delivery Hero issued the following statement a a report From the Financial Times (FT) that Uber CEO Dara Khosrowshahi This week I traveled to meet with the Chairman of the Supervisory Board of Management of Delivery Hero Christine Scoggin Lund On an $11 billion offer to acquire the company.
Uber rival DoorDash has also expressed interest in acquiring Delivery Hero’s Middle East unit, and has also explored a full takeover, sources told the FT. The report added that Uber recently revealed that it owns a 19.5% stake in Delivery Hero and another 5.6% in financial derivatives.
The interest from DoorDash and Uber comes amid a period of increasing consolidation in the food delivery space. Just eat takeawayformer owner of GroupPopwas sold last year to technology investor Prosus for $4.3 billion. And DoorDash last year acquired Deliveroo, a UK-based delivery service that operates across Europe and the Middle East, as well as Singapore.
As covered here earlier this year, DoorDash management has since said that this acquisition is Help her pivot From a “popular restaurant ordering” platform to a “technology and infrastructure partner for merchants.”
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Recently, PYMNTS examined Divergent paths Acquired by Uber and rival Lyft, the former increasingly resembles a “sprawling platform for mobility and logistics infrastructure” and the latter “positions itself as a more focused transportation company built on customer experience, differentiated services, and strategic partnerships.”
During an earnings call, Khosrowshahi portrayed the company’s strategy as expanding “everyday utility” across travel, delivery, commerce and mobility. Uber reported 21% year-over-year growth in gross bookings growth, with mobility growth and delivery business increasingly fueling it. Grocery and retail orders.
“Uber no longer wants to own a single moment of transportation, it wants to organize the entire trip around it,” PYMNTS wrote.
“This includes airport rides, hotel reservations, restaurant deliveries, retail shopping, and eventually autonomous fleets. The company says three-quarters of Uber trips already include artificial intelligence that predicts where a customer wants to go before entering the destination.”
