Uber has agreed to buy the German food delivery company Delivery Hero in a deal valued at $14.8 billion. The transaction would extend the ride-hailing firm’s reach into dozens of new markets and reshape the global food delivery business. It still needs regulatory approval before it can close.
The Terms of the Deal
Uber is offering €41.50 per share in cash through a voluntary public takeover offer. That values Delivery Hero at roughly $14.8 billion, or about $13.7 billion after accounting for the stake Uber already held. Uber controlled close to a quarter of the company before the announcement, and it plans to fund the purchase with existing cash and new debt. Prosus, one of Delivery Hero’s largest shareholders, has already agreed to back the offer, which gives the bid a firmer footing from the start.
The combined company would operate in 99 markets and posted pro-forma gross bookings of $236 billion in 2025, according to Uber’s announcement.
What Uber Gains
The deal would fold Delivery Hero’s operations in 50 markets into Uber’s platform. Those businesses generated about $42 billion in gross bookings last year and bring several well-known regional brands under one roof. Several of these names dominate their home regions, which is part of what makes the portfolio appealing.
- Baedal Minjok, a leading service in South Korea
- Glovo, which operates across parts of Europe and beyond
- talabat, a major name across the Middle East
- PedidosYa, widely used in Latin America
The Delivery Hero acquisition would nearly double the number of places where Uber runs both its mobility and delivery services, rising from 34 to 58.
A Carve-Out and a Premium
Not every part of Delivery Hero is heading to Uber. In a separate agreement, the New York investment firm SSW Partners will buy Delivery Hero’s businesses in 14 markets where the two companies already overlap, for about $1.6 billion.
Because the two platforms compete in several regions, the deal is expected to draw close regulatory review, according to TechCrunch’s report.
For shareholders, the offer marks a step up. Uber had floated €33 per share in May before raising its bid, and the final price sits well above Delivery Hero’s average trading price over the prior three months.
Why It Matters
Food delivery expanded quickly during the pandemic, and the sector has been consolidating ever since. Companies are chasing scale to cut costs and compete for customers. If it closes, the combination would create the largest food delivery operation outside China. For diners and restaurants, a larger operator could mean wider coverage, though some regulators may worry about thinner competition in markets where the brands once fought for the same orders.
The move also signals Uber’s intent to grow well beyond ride-hailing. Delivery has become a core part of its business, and this purchase would give it a deeper presence in Asia, the Middle East, and Latin America.
Cross-border takeovers of this size rarely close without complications, and our business news reporting tracks each one as it moves through regulators.
The Delivery Hero acquisition is not final, and regulators in several regions will weigh in before it can close. Aloha News Network will keep following the deal and report on each step as it moves forward.
