Prosus Gets Until Oct. 11 for Delivery Hero Sale After Uber Bid

The European Commission is planning to extend a critical deadline for Prosus NV to sell down a stake in Delivery Hero SE to October, buying the investor some meaningful time to thwart another possible takeover attempt of the food delivery service by Uber Technologies Inc.

The commission is now planning to give Prosus until Oct. 11 to sell down its stake in Delivery Hero, a condition previously imposed as part of Prosus’s acquisition of rival Just Eat Takeaway.com, people familiar with the matter said, asking not to be identified because the information isn’t public. Without an extension, Prosus would ...