April 17 (Reuters) - Uber has reached an agreement to acquire an additional 4.5% stake in rival Delivery Hero and will buy around 270 million euros ($318.1 million) of Delivery Hero shares at 20 euros
Uber to Acquire Additional 4.5% Stake in Rival Delivery Hero for €270M
Uber's Strategic Investment in Delivery Hero
Details of the Acquisition Agreement
April 17 (Reuters) - Uber has reached an agreement to acquire an additional 4.5% stake in rival Delivery Hero and will buy around 270 million euros ($318.1 million) of Delivery Hero shares at 20 euros apiece from the German multinational’s largest shareholder, Prosus, the Financial Times reported on Friday.
Verification and Sources
Reuters could not independently verify the report.
Currency Conversion
($1 = 0.8488 euros)
Reporting Credits
(Reporting by Chandni Shah in Bengaluru; Editing by Mrigank Dhaniwala)


