Business · CNBC Technology
Uber picks up stake in Delivery Hero in $318M agreement
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Prosus has been forced by European regulators to sell down its Delivery Hero stake in order to proceed with a proposed acquisition of Just Eat.
Key facts
- Prosus's now owns around 21% of Delivery Hero versus approximately 27% when the Just Eat Takeaway.com deal was announced last year, a spokesperson told CNBC
- Uber first took a stake in Delivery Hero when it purchased $300 million of newly-issued shares in 2024
- Total gross proceeds to Prosus are approximately 270 million euros ($318 million), the company said
- Uber will pay 20 euros a share, which is below Delivery Hero's Thursday closing price following a 7% rally in the stock
Summary
In this article DHER-FF DHER-FF JTKWY PRX-NL UBER Uber on Friday agreed to purchase an additional 4.5% of shares of German food delivery firm Delivery Hero from the company's biggest shareholder Prosus . Total gross proceeds to Prosus are approximately 270 million euros ($318 million), the company said. However, it is a 22% premium to the 1-month average share price, Prosus said. However, that acquisition ran into scrutiny from the European Commission, the EU's executive arm, which said it would approve the deal if Prosus significantly reduced its shareholding in Delivery Hero.