Uber launches an offer to buy Glovo's owner, Delivery Hero

BarcelonaUber has formalized its intention to buy 100% of Delivery Hero, the German group specialized in home food delivery owner of the Catalan Glovo. The American company, which already owns 25% of Delivery Hero, has offered 41.5 euros per share. Therefore, it has placed the total value of the German group at around 13,000 million euros.

The two companies had already publicly acknowledged during this past week that they were immersed in negotiations to close the loose ends of the operation and, this Thursday, both have issued statements to provide the details.

Delivery Hero has assured that Uber "has made significant commitments" to the German group's workforce, among which is maintaining the central headquarters in Berlin until, "at least", 2029. With this operation, it maintains that the two companies "join forces to reach more customers, vendors, and riders". The resulting union will have a presence in 99 countries around the world.