Germany’s Delivery Hero backs €13 billion takeover by Uber
Uber's €13 Billion Acquisition of Germany s Delivery Hero Backed by Shareholders
Germany s Delivery Hero backs 13 billion takeover proposal from Uber, the American ride-hailing and delivery conglomerate. The Berlin-based company announced its support for the acquisition on Thursday, marking a significant milestone in the global food delivery sector. This strategic move positions Uber to strengthen its presence across more than 50 international markets spanning Asia, Europe, Latin America, and the Middle East. The proposed transaction values the German delivery platform at €13 billion, equivalent to approximately $14.8 billion in US dollars.
Deal Structure and Financial Details
Uber has committed to offering €41.50 per share in cash for all outstanding Delivery Hero shares. When factoring in Uber's existing stake in the company, the total transaction value reaches roughly $13.7 billion, or €12 billion. Founded in 2011, Delivery Hero has grown into one of the world's largest food delivery organizations, now operating in over 60 markets globally. The company has diversified beyond traditional food delivery into quick commerce, offering rapid package delivery services to consumers.
"By bringing our platforms together, Uber will extend affordable, reliable delivery to many millions more people in some of the world's most dynamic economies, while creating more opportunities for merchants and couriers." — Dara Khosrowshahi, Uber CEO
The combined entity would operate across 99 countries, generating gross bookings of $236 billion (€205.9 billion) in 2025 based on gross merchandise value. Uber envisions the acquisition creating the world's largest mobility and delivery platform. Niklas Oestberg, co-founder and CEO of Delivery Hero, emphasized that the partnership aligns with both companies' commitment to innovation and local market strength.
Regulatory Requirements and Future Commitments
For the acquisition to proceed, Uber must secure at least 50% plus one share of Delivery Hero's outstanding capital, including shares it already holds. Additionally, regulatory approvals from relevant authorities are required before the deal can close. Prosus, the largest shareholder of Delivery Hero, has provided an irrevocable commitment to tender its shares, which would grant Uber an economic interest of approximately 53% in the company.
Delivery Hero's management and supervisory boards plan to recommend shareholder acceptance of the offer, pending review of the formal offer document. The transaction is projected to be finalized in the second half of 2027. In terms of financial performance, Uber anticipates the acquisition will boost adjusted earnings per share, with expectations of a high single-digit percentage increase by the third year following completion.
Following the announcement, Delivery Hero's shares experienced a slight decline of 0.5% in Frankfurt trading, settling at €37.90 by early afternoon. Uber has pledged not to alter Delivery Hero's Berlin workforce until at least 2029. Furthermore, the company committed to investing €2 billion in Germany through 2031, targeting workforce development, business expansion, autonomous vehicle initiatives, and partnerships with the German automotive sector.
In a related development, Delivery Hero agreed to divest its operations in 14 markets where it competes directly with Uber Eats. The sale to New York-based SSW Partners is valued at approximately €1.4 billion and remains contingent upon successful completion of Uber's takeover and standard closing conditions.