BREAKINGVIEWS-Uber M&A takeaway may need a bigger bite

Uber Technologies,Inc.
DoorDash

Uber Technologies,Inc.

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DoorDash

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Aimee Donnellan

DUBLIN, May 26 (Reuters Breakingviews) - The delivery giant is eyeing a deal for Delivery Hero for €11.5 bln. That’s nearly twice its value in early May, but the chance to cool the advance of rival DoorDash means CEO Dara Khosrowshahi may be happy to pay up. And he can recoup much of the outlay with a lucrative breakup.

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CONTEXT NEWS

Uber is weighing a raised takeover bid for rival Delivery Hero after its initial €33-per-share offer on May 24 was rebuffed, a report from the Financial Times said.

Delivery Hero, which has faced major shareholder pressure over strategy and earlier in May said its CEO would step down in March 2027, had said on May 24 that Uber had reached out with an indicative proposal of 33 euros per share.

Shares in Delivery Hero were trading at €37.63 by 0852 GMT on May 26.


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