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Delivery Hero board backs Uber’s $15B takeover bid

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CitrixNews Staff
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Delivery Hero board backs Uber’s $15B takeover bid

Delivery Hero’s board has signed off on Uber’s $15 billion takeover offer and recommended shareholders approve the deal, which would create one of the largest on-demand food delivery platforms in the world.

After reviewing the offer, Delivery Hero’s supervisory and management boards said it was in the best interests of the company, its shareholders, employees, and other stakeholders. The boards also deemed that the price was “fair and adequate” and said the deal had the “potential to accelerate product innovation.”

Originally reported by TechCrunch. Read the full story at the original source.