Delivery Hero Board Approves $15B Uber Deal
The board of directors of Delivery Hero has approved an acquisition offer from Uber Technologies worth $15 billion, at a price of €41.50 per share. Currently, Uber holds a 25% stake in Hero and plans to reduce its workforce by 10% as part of a global restructuring aimed at cutting costs and redirecting spending toward strategic priorities. Shareholder acceptance of the offer is expected to conclude on November 5th. This move is part of Uber's broader plan to expand its global food delivery operations.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)