Uber Buys $318 Million Stake in Delivery Hero to Fulfill Competition Regulations

Uber deepens bet on Delivery Hero in $318M deal amid EU merger pressure on Prosus - Tech Startups

Uber is adding to its stake in Delivery Hero, picking up another slice of the German food delivery group in a deal that sits at the center of Europe’s tightening merger landscape. The ride-hailing giant agreed to buy an additional […] The post Uber deepens bet on Delivery Hero in $318M deal amid EU merger pressure on Prosus first appeared on Tech Startups.

Uber Buys $318 Million Stake in Delivery Hero to Fulfill Competition Regulations

Uber bought an approximately $318 million stake in German delivery platform Delivery Hero from Dutch technology investment company Prosus, the European companies announced on April 17. Delivery Hero, started in 2011 as a food delivery service, said the nearly 13.6 million shares sold to Uber represent around 4.5 percent of its shares outstanding. “We welcome Uber’s additional investment in Delivery Hero. As a global tech leader, Uber’s increased…

Prosus to offload 4.5% Delivery Hero stake to Uber for €270m

Dutch investment company Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for a consideration of €270m ($317.5m).The post Prosus to offload 4.5% Delivery Hero stake to Uber for €270m appeared first on Verdict Food Service.

👨🏿‍🚀TechCabal Daily – Uber orders a Delivery Hero

In partnership with Lire en Français اقرأ هذا باللغة العربية Welcome to another week. When news broke that MTN Nigeria CEO Karl Toriola received $335,000 in performance-tied shares set to vest over three years, what many people probably missed is that the company’s group CEO, Ralph Mupita, received significantly more at $2.4 million. The reactions online were, expectedly, entertaining. Many Nigerians wondered how a 9–5 job could pay that much…