Uber considers higher bid for Delivery Hero

Kiswahili

US firm Uber is reportedly planning to raise its takeover bid for Berlin-based food delivery company Delivery Hero. Its board discussed an increase on Saturday.

A major Delivery Hero shareholder had previously rejected an offer of 38 euros per share. That valued the company at more than 11.5 billion euros.

Delivery Hero confirmed on Saturday that it had received an initial bid from Uber at 33 euros per share. This represented a discount of about 1.7 percent to Friday’s closing price.

Uber had increased its stake in Delivery Hero to around 19.5 percent last week, becoming the largest shareholder. The holding is worth roughly 1.7 billion euros. Delivery Hero chief Niklas Östberg recently announced his resignation.

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Illustration showing Unicredit raising its stake in Commerzbank to over 44 percent during a takeover battle
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UniCredit raises stake in Commerzbank to over 44 percent

Imeripotiwa na AI Picha iliyoundwa na AI

The Italian bank UniCredit has increased its stake in Commerzbank to 44.37 percent in the takeover battle. After the offer expired last Friday, the Milan-based bank now controls 47.59 percent of the shares in total.

UniCredit raises stake in Commerzbank to over 37 percent

The Italian bank UniCredit has increased its stake in Commerzbank to 37.68 percent through an ongoing takeover offer. Additional shares were tendered despite an offer below the current share price.

Gig workers strike for fair pay and basic protections

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GameStop reportedly prepares offer to acquire eBay

Imeripotiwa na AI

GameStop is preparing a potential buyout offer for eBay, according to a Wall Street Journal report. The offer could come as soon as later this month. GameStop's market value stands at about $11 billion, compared to eBay's $45 billion.

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