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Uber seeks to buy Delivery Hero for about $12.8 billion
Uber built a 37% stake through block trades before making its takeover bid, and it paused expansion into five new European markets ahead of regulator talks.
Uber is pursuing a proposed takeover of Delivery Hero SE for roughly $12.8 billion, aiming to accelerate the next phase of its food-delivery business, according to MarketBeat Ratings.
The article says Uber has been shifting away from cash-burning user acquisition toward margin expansion and pricing power, framing the deal as a step in the broader consolidation of global food delivery.
Ahead of formal bid talks, Uber reportedly accumulated a near-blocking 37% minority stake through block trades, including a 14.6% position sold to Uber by activist hedge fund Aspex Management and an additional 4.5% equity tranche transferred by Prosus.
MarketBeat Ratings also notes that Uber halted organic food-delivery expansion into five new European markets, characterizing the pause as an effort to reduce geographic overlap and support smoother European antitrust review.