BusinessJul 14, 2026
Uber Targets Global Expansion with Delivery Hero Buyout
Delivery Consolidation
Rhea Lobo
Discover
Uber Technologies is in advanced negotiations to acquire German food-delivery company Delivery Hero at a proposed price of ~$45 per share (roughly €40).
Delivery Hero confirmed the talks are at an advanced stage on Tuesday but declined to comment on price. Uber also declined to comment. Bloomberg reported the two sides could reach an agreement as soon as this week.
Uber already owns a significant position in Delivery Hero. It holds a 24.99% direct stake, plus derivatives that bring its total interest to roughly 36.8%.
Reuters had previously reported that Uber raised its stake from 25% to nearly 37% by buying shares from hedge fund Aspex Management.
Uber's first approach came in May, when it offered ~$38 (€33) per share, valuing Delivery Hero at roughly $11.4B (€10B). Investors pushed back, betting a higher price would be needed.
Delivery Hero operates in about 65 countries across Asia, Europe, Latin America, the Middle East, and Africa.
That global footprint is the core attraction for Uber, which has been expanding internationally through a string of recent deals including chauffeur-service company Blacklane and Getir's delivery portfolio in Turkey.
DoorDash is making similar moves abroad. It agreed last year to acquire UK food-delivery company Deliveroo, and its Europe-focused Wolt unit already competes with Delivery Hero in key markets.
Uber has said acquiring Delivery Hero would give it better visibility into markets where it currently trails Wolt.
Delivery Hero has also been under shareholder pressure. Aspex Management successfully pushed out co-founder and CEO Niklas Östberg, who announced in May he would step down by the end of March next year. Östberg will lead the company's ongoing strategic review, which has included exploring asset sales.
Other parties had circled Delivery Hero's assets. DoorDash and Saudi quick-delivery startup Ninja had separately expressed interest in parts of its Middle East business.
Any completed deal would face antitrust review. Delivery Hero's overlap with Uber across parts of Europe and the Middle East is likely to draw scrutiny from regulators globally, given its presence in more than 60 markets.
Amsterdam-listed Prosus, which holds a significant stake in Delivery Hero, is another variable in the deal's path to completion.
