Delivery Hero CEO Östberg to stay on beyond March 2027 amid Uber's takeover bid

Sept 24 (Reuters) - Delivery Hero said on Thursday that its co-founder and CEO Niklas Östberg would remain chief executive beyond March 31, 2027, contrary to the plans it had announced in May.

The decision reflects a fundamentally changed situation related to Uber's ongoing takeover offer, Delivery Hero said.

In July, Uber agreed to buy Delivery Hero in a deal valuing the German food delivery company at an equity value of $14.8 billion to create the largest food-delivery group outside China.

(Reporting by Kira Britten in Gdansk, editing by Milla Nissi-Prussak)