Uber offered to pay €41.50 ($47.60) a share and will acquire Delivery Hero’s operations in 50 markets, the company said in a statement on Thursday, confirming an earlier Bloomberg News report. The company already owns a direct stake of about 25% and the transaction is pending regulatory approval.
The offer is about a 26% premium on the €33 per share Uber originally offered in May, fueling Delivery Hero’s stock, which is up 66% year to date. The shares were little changed at €38.28 at 2:52 p.m. in Frankfurt on Thursday.