New Delhi, July 16 -- BERLIN - The board of Delivery Hero formally endorsed Uber's €13 billion takeover offer Thursday at €41.50 per share in cash, and Prosus, the Dutch investment company that holds approximately 23 percent of the German food delivery firm, committed to tender its entire stake. The dual backing removes the main structural obstacles that had kept the deal in uncertainty since Uber disclosed its initial interest in a full takeover earlier this year.

The offer values each Delivery Hero share at €41.50, a figure that accounts for Uber's previously acquired stake in the company. Euronews reported the agreement Thursday, noting the deal requires acceptance from holders of more than 50 percent of outstanding ...