Delivery Hero, Uber and DoorDash negotiate for possible acquisition

Uber and DoorDash have separately started exploratory talks with Delivery Hero's investors with a view to a possible takeover bid for the German group specialising in food delivery.

As the Financial Times reports, both companies have entered into negotiations to acquire the shares held by various investors in Delivery Hero.

According to rumours, the figure on the table would be more than EUR 40 per share (19% higher than the last closing on the Frankfurt Stock Exchange), with a potential valuation of the company of around EUR 13 billion.

The financial newspaper writes that Uber's CEO Dara Khosrowshahi met with Delivery Hero's Supervisory Board Chairwoman Kristin Skogen Lund and reportedly put a price of around EUR 33 per share on the table, but her offer was rejected.

Uber holds 19.5 per cent of Delivery Hero (previously about 7 per cent) and a further 5.6 per cent in derivative instruments.