Delivery Hero Board Approves Uber's $15 Billion Offer
Uber's $15 billion acquisition offer was approved by the Delivery Hero board of directors and recommended to shareholders.
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The Delivery Hero board of directors approved the $15 billion acquisition offer made by Uber and recommended that shareholders accept the deal.
Board of Directors Decision
The Delivery Hero board of directors approved Uber's $15 billion acquisition offer and recommended that shareholders accept the deal.
Global Market Share
With this acquisition, Uber will double its global market share, creating one of the world's largest food delivery platforms outside of China.
Shareholder and Investment Developments
While Uber set the minimum acceptance threshold at 50 percent plus one share, major shareholder Prosus also agreed to sell its 17 percent stake.