Uber Considers Full Acquisition of Delivery Hero to Counter Dordash

Sources familiar with the file revealed that the ride-sharing giant Uber Technologies is currently considering multiple options to fully acquire the German company Delivery Hero, which specializes in food delivery services, in a strategic move aimed at strengthening its competitive position vis-à-vis Dordash in global markets. This week, Uber raised its stake in Frankfurt-listed Delivery Hero to 19.5% after acquiring shares and instruments Additional financial, along with another 5.6% through financial options. The sources pointed out that the company is working with specialized consultants to study the mechanisms of increasing its share further. Morgan Stanley played a pivotal role in helping Uber quickly build its share through the use of sophisticated derivatives, the sources, who asked not to be identified due to the sensitivity of the information, confirmed. Uber also reached out to other Delivery Hero investors to inform them of her interest in concluding a package deal. Delivery Hero shares have seen a remarkable rise of nearly 50% in Frankfurt Stock Exchange trading since the beginning of this year, raising its market value to about 10.2 billion euros, equivalent to 11.8 billion US dollars. In contrast, Uber's stock fell 3.1% on the New York Stock Exchange to its lowest level in more than a month. Uber explained that while it does not currently intend to raise its stake to 30% or more, It reviews its investments periodically and may buy more shares if an attractive investment opportunity arises. The sources pointed out that the company may need to obtain the approval of the antitrust regulatory authorities before exceeding certain limits in ownership quotas, stressing that negotiations are still underway without guarantees to complete the deal.