Uber to acquire Delivery Hero in $14.8B deal, nearly doubling global reach

Uber has agreed to acquire Delivery Hero for $14.8 billion (€13 billion), paying €41.50 per share in cash, a 26% increase from its May bid Source: TheNextWeb, Guardian. The deal would combine Uber Eats with Delivery Hero's brands—including Foodpanda, Glovo, and talabat—across 99 countries, with combined gross bookings of $236 billion in 2025 Source: TechCrunch, Euronews.

Divestiture strategy

To preempt antitrust scrutiny, Delivery Hero will sell its operations in 14 overlapping markets to New York-based investment firm SSW Partners for $1.6 billion, conditional on Uber's acquisition closing. Uber is financing most of that purchase, with SSW repaying over time Source: TheNextWeb, Guardian.

Commitments and regulatory outlook

Uber has pledged to maintain Delivery Hero's Berlin headquarters and make no workforce changes until at least 2029, and to invest €2 billion in Germany by 2031 Source: Euronews. The offer requires acceptance from at least 50% plus one share; major shareholder Prosus has already committed its 17% stake Source: Guardian. The deal faces regulatory approvals across multiple jurisdictions and is expected to close in the second half of 2027 Source: Guardian, TheNextWeb.