Uber acquires Delivery Hero in $14.8 billion deal

Uber agreed to get Delivery Hero successful a woody that values the Berlin-headquartered nutrient transportation institution astatine $14.8 billion, the companies announced Thursday.

The voluntary takeover connection puts €41.50 per stock successful currency connected the array for Delivery Hero shareholders. The connection represents a premium of astir 127% implicit Delivery Hero's unaffected three-month volume-weighted mean stock terms anterior to May 8, 2026, and astir 34% implicit the three-month mean anterior to Thursday's announcement, the institution said. Uber had antecedently projected €33 per stock successful May, according to the Wall Street Journal.

As a effect of the deal, Uber's combined mobility and transportation footprint volition turn to 99 markets from 79, and the fig of markets wherever it operates some services volition astir double, rising from 34 to 58, the institution said. The combined businesses posted pro-forma gross bookings of $236 cardinal successful 2025.

Uber volition get Delivery Hero's operations successful 50 markets — which generated $42 cardinal successful gross bookings past twelvemonth — spanning brands including Baedal Minjok successful South Korea, Glovo crossed aggregate countries, HungerStation successful Saudi Arabia, talabat crossed the Middle East, and PedidosYa crossed Latin America.

In a abstracted transaction, New York-based concern steadfast SSW Partners agreed to get Delivery Hero's businesses successful 14 markets, including foodora successful Austria, Norway, and Sweden, Glovo successful Spain and Poland, and Yemeksepeti successful Turkey, for astir $1.6 billion. Those operations generated $11 cardinal successful gross bookings successful 2025. SSW said it volition question buyers for those assets aft the transaction closes.

Prosus, which holds the second-largest presumption successful Delivery Hero, has agreed to enactment successful the connection by tendering its astir 17% stake. Combined with Uber's existing 24.77% nonstop involvement and an further astir 11.74% economical vulnerability done equity derivatives, Uber's full economical involvement would scope astir 53%, the institution said.

Delivery Hero's absorption committee and supervisory committee said they unanimously enactment the connection and mean to urge that shareholders tender their shares.

To concern the acquisition, Uber plans to gully connected currency connected manus and rise caller debt, and has arranged a committed span installation of astir €14 billion. The woody is expected to beryllium accretive to non-GAAP net per stock upon closing, with high-single-digit percent accretion by twelvemonth three, the institution said. Closing is expected successful the 2nd fractional of 2027, pending regulatory approvals including merger power clearances.