Uber to Acquire Delivery Hero for $14.8 Billion, Dramatically Expanding Global Delivery Network

Uber has announced a significant move to bolster its global delivery network by agreeing to acquire Berlin-based food delivery company Delivery Hero in an all-stock transaction valued at $14.8 billion. This deal is poised to nearly double Uber's international footprint, creating one of the world's largest delivery platforms outside of China.

The proposed acquisition would integrate close to 100 new markets across Europe, the Middle East, Latin America, and Asia into Uber's existing operations. Prior to this announcement, Uber was already the largest shareholder in Delivery Hero. The agreement includes a minimum acceptance threshold of 50% plus one share of Delivery Hero's outstanding share capital, with major shareholder Prosus, holding a 17% stake, agreeing to sell its position.

To navigate potential regulatory hurdles and avoid overlap with its existing services, Delivery Hero has simultaneously agreed to divest its operations in 14 markets where Uber Eats is already active. This segment will be sold to New York-based investment firm SSW Partners for $1.6 billion.

Uber CEO Dara Khosrowshahi stated the acquisition would nearly double the number of markets where Uber offers both ride-hailing and delivery services. The transaction, however, is subject to regulatory scrutiny due to its substantial scale and is not yet finalized. If approved, the deal would significantly strengthen Uber's competitive position against rivals such as DoorDash and Just Eat.

“

The deal would nearly double the number of markets where Uber offers both ride-hailing and delivery services.