Uber (UBER) and DoorDash (DASH) are exploring a potential buyout of Delivery Hero SE (DELHY), according to a report from The Financial Times. The discussions are in the preliminary stages, with both companies considering options for full or partial acquisitions of the German food delivery service.
This move could significantly impact the competitive landscape in the food delivery sector, as both Uber and DoorDash aim to enhance their market positions in Europe. Delivery Hero’s investors are reportedly looking for a price above €40 per share, which would represent a 19% premium to its current trading price and value the company at approximately €13 billion. The focus appears to be on Delivery Hero’s operations in the Middle East and Turkey, which could offer strategic advantages for either acquirer.
For market professionals, this development highlights the ongoing consolidation trends in the food delivery industry and may influence stock valuations and investment strategies in related sectors.
Source: seekingalpha.com