Uber to acquire Delivery Hero in €13B deal, creating platform spanning 99 countries

Uber and one of its affiliates have entered into a business combination agreement to acquire Delivery Hero, thereby extending the mobility and delivery platform to 99 countries. Under the terms of the voluntary takeover offer, Uber will offer Delivery Hero shareholders €41.50 per share in cash (implying a fully diluted equity value of €13.0 billion). Berlin-headquartered Delivery Hero currently operates in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa.