Summary
Uber agreed to acquire Delivery Hero at €41.50 per share in a deal that values the German food-delivery company at $14.8 billion. The acquisition expands Uber’s global operations into 50 new markets, funded with cash and a $4 billion bridge loan, while SSW partners will take some Delivery Hero markets Uber does not want.
- Uber confirms agreement to buy Delivery Hero at €41.50 per share.
- The deal values Delivery Hero at about $14.8 billion.
- Uber gains access to 50 markets outside the US through the acquisition.
- Funding includes cash, debt, and a $4 billion bridge loan.
- Private equity firm SSW partners will acquire some Delivery Hero markets not taken by Uber.
- The offer represents a significant premium to Uber's earlier approach in spring/May.