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Uber to buy Delivery Hero in $14.8 billion food-delivery deal

Uber to buy Delivery Hero in $14.8 billion food-delivery deal

Uber's cash offer values Delivery Hero at €41.50 a share and would expand the combined platform to 99 markets, while planned asset sales aim to limit overlap in 14 countries.

Fact Check
Multiple primary and authoritative sources confirm the core claim. Uber's official investor press release states a voluntary takeover offer at €41.50/share implying ~$14.8B equity value, with SSW Partners acquiring businesses in 14 overlapping markets — directly matching the claim's price, valuation, and '14 countries' overlap detail. Delivery Hero's own newsroom and Prosus confirm the €41.50 price. Reuters and Bloomberg independently corroborate the $14.8 billion deal size. The '99 markets combined' figure is consistent with the deal scope described across these sources. The claim is accurate on all verifiable specifics.
Summary

Uber Technologies has launched a voluntary takeover offer for Delivery Hero SE that values the German food delivery group at about $14.8 billion in equity, or €41.50 per share in cash, in what would be Uber's largest acquisition to date. The offer carries about a 34% premium to Delivery Hero's three-month volume-weighted average price before the announcement and roughly 127% above the undisturbed share price before takeover rumors emerged in May. The combined company would operate across 99 markets globally, with pro-forma gross bookings projected at $236 billion. Delivery Hero's business spans 50 markets and is expected to contribute around $42 billion in gross bookings, with strong positions in parts of the Middle East, Asia and Europe through brands including Talabat and Hungerstation. Uber already held about 24.77% of Delivery Hero's voting shares, and said additional derivatives and an agreement with Prosus, which owns 17% of Delivery Hero and has committed to tender its stake, lift Uber's total economic interest to about 53%. To reduce antitrust risk where the two companies overlap, Uber plans to sell operations in 14 markets to SSW Partners for about $1.6 billion. Uber has also committed to keep Delivery Hero's Berlin headquarters and workforce in place until at least 2029.

Terms & Concepts
  • gross bookings: The total value of orders processed on a platform before fees, refunds and other adjustments.
  • volume-weighted average price: An average share price over a period that gives more weight to days with higher trading volume.