Uber bought an approximately $318 million stake in German delivery platform Delivery Hero from Dutch technology investment company Prosus, the European companies announced on April 17.
Delivery Hero, started in 2011 as a food delivery service, said the nearly 13.6 million shares sold to Uber represent around 4.5 percent of its shares outstanding.
“We welcome Uber’s additional investment in Delivery Hero. As a global tech leader, Uber’s increased position is a meaningful endorsement of our platform, our strategy, and our ongoing work to deliver long-term value for all shareholders,” CEO and co-founder Niklas Ostberg said.
Prosus said the sale price of 20 euros a share was a 22 percent premium over Delivery Hero’s average trading price over the past month….