Prosus Eyes Larger Delivery Hero Stake to Counter Potential Uber Takeover
Prosus Considers Increasing Stake Amid Uber Takeover Threat
Background and Current Developments
June 1 (Reuters) - Prosus is considering raising its stake in Delivery Hero and has spoken to other investors about the price at which they would be willing to sell their shares to the Dutch tech investor, the FT reported on Monday, citing people familiar with the matter.
Responses from Key Stakeholders
Delivery Hero declined to comment, while Prosus did not immediately reply to a request on the matter.
Strategic Implications
Objective of Prosus' Move
The move is aimed at thwarting a takeover attempt for Germany's Delivery Hero by Uber, the FT said. Prosus holds a 16.83% holding in the Berlin-based food-delivery company, according to LSEG data.
Reporting and Editorial Credits
(Reporting by Kanjyik Ghosh in Barcelona; additional reporting by Paolo Laudani in Gdansk; Editing by Sharon Singleton and Miranda Murray)
