Prosus sells Delivery Hero stake to Uber, raises €270 million
The sale of a significant stake may dilute Delivery Hero’s perceived value and strengthen competitor positions. Historically, similar divestitures have led to negative market reactions.
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The sale of a significant stake may dilute Delivery Hero’s perceived value and strengthen competitor positions. Historically, similar divestitures have led to negative market reactions.
What happened, with direct paths to the underlying reporting
Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for approximately €270 million. This divestiture may heighten competition in the food delivery sector and could hint at market confidence shifts for Delivery Hero's valuation.
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