[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcioc7e867c3":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcioc7e867c3","优步(UBER)百亿欧元收购Delivery-Hero-花旗“帮算账”：或释放14亿欧元成本协同效应","\u002Fdoc\u002Fdcioc7e867c3","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，优步科技(UBER)近期提出以每股33欧元(约合38.29美元)的价格收购欧洲竞争对手Delivery Hero(DLVHF)的剩余股份。花旗研究估计，考虑到优步目前已持有Delivery Hero约37%的股权，若完成全面收购，有望释放高达14亿欧元的成本协同效应，同时为优步新增韩国、中东和拉美等重要外卖市场。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">花旗分析师Ronald Josey指出“我们承认收购可能带来一定的运营风险，但我们相信，在业务运营持续向好的背景下，优步仍有能力投资自动驾驶、外卖配送业务，并继续推进资本回报计划。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">上述成本协同效应预计将主要来自销售成本、营销及IT费用，其中最大部分将源于Delivery Hero 2027年预计高达22亿欧元的行政支出。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">“考虑到优步的全球技术栈具备随收购规模扩张的能力，我们注意到，IT费用方面的协同潜力甚至可能超过其每年5亿至6亿欧元的IT支出规模。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Josey重申对优步的“买入”评级，并建议投资者利用当前股价回调的机会进行布局。自优步公布超预期的一季报及二季度指引以来，其股价已累计下跌10%。这进一步支撑了他的观点——优步依托其5000万Uber One会员、向新地理区域及市场扩张，以及自动驾驶战略在新市场的落地，有望持续交出优于预期的总预订量和盈利表现。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">这场足以重塑全球外卖行业格局的收购大戏，正以逐轮加价的节奏在资本市场持续发酵。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">今年5月23日，Delivery Hero在监管文件中正式确认，优步已向全体股东发出初步收购意向，报价每股33欧元，对应企业整体估值约100亿欧元(约116亿美元)。然而，这一价格甚至略低于Delivery Hero当周收盘价，被股东集体回绝。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">据知情人士透露，优步CEO达拉·科斯罗萨西(Dara Khosrowshahi)此前已亲自飞往挪威奥斯陆，与Delivery Hero监事会主席克里斯汀·斯考根·隆德(Kristin Skogen Lund)会面，当面送出每股33欧元的报价。遭到冷遇后，优步随即向一位大股东抬价至每股38欧元，对应整体估值超过115亿欧元(约合133.9亿美元)，溢价幅度约15.3%——但仍遭到拒绝。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">多位Delivery Hero股东明确表示，各方期望最终收购价不低于每股40欧元，整体估值约130亿欧元，较上周五收盘价溢价约19%。杰富瑞分析师Giles Thorne坦言，\"诸多利益相关方仍在坚持每股40欧元以上的报价水平，预测下一步走势极为困难，尤其是考虑到大量反垄断问题的存在\"。与此同时，竞争对手DoorDash也悄然入局，已向Delivery Hero相关股东打探收购意向，虽尚未购入任何股份，但意图已十分明确——尤其针对Delivery Hero的中东业务板块。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">在报价博弈持续升温的同时，优步已通过一系列精巧的资本运作，悄然完成了股权布局。早于4月，优步便以2.7亿欧元从荷兰投资集团Prosus手中收购约4.5%的股份。截至5月，优步对Delivery Hero的直接持股比例已从约7%大幅提升至19.5%，成为这家德国外卖巨头的最大单一股东，另持有约5.6%的期权权益。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FC\u002FC\u002FC.jpg","2026-06-02T13:05:22","2026.06.02","2026\u002F06\u002F02",55800,[22],"C","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" target=\"_blank\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"edit":87,"editVideo":88,"courseContent":89,"more":90,"buyNow":91,"subscribeNow":92,"encoding":93,"paidContent":94},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]