Uber agrees €13bn takeover of Delivery Hero
Uber's €13 billion acquisition of Delivery Hero will create the world's largest delivery platform and end Berlin's reign over one of Europe's few global tech champions.
Delivery Hero has agreed to back a €13 billion takeover offer from Uber, paving the way for the US ride-hailing group to absorb one of Europe’s most successful technology companies. Uber will pay €41.50 in cash for each share of the Berlin-based food delivery group.
The deal marks the end of independence for a major European tech champion founded in 2011. To ease local concerns, Uber has pledged not to alter Delivery Hero’s Berlin workforce until at least 2029 and committed to investing €2 billion in Germany through 2031. That investment will focus on expanding the domestic business and partnering with the German automotive industry on autonomous vehicles.
For Uber, the acquisition is a decisive step in consolidating global market share. Combined, the two companies generated €205.9 billion in gross bookings in 2025. The merger would extend Uber’s reach to 99 countries, giving it a dominant position across the Middle East, Asia, and Latin America while strengthening its presence in European markets like Italy.
Delivery Hero has increasingly pivoted beyond food delivery into quick commerce. Niklas Oestberg, the company’s CEO and co-founder, said Uber’s platform and "shared commitment to innovation" made it the right partner to build on these local strengths. Dara Khosrowshahi, CEO of Uber, framed the deal as a way to "extend affordable, reliable delivery" to millions more people in dynamic economies.
Uber expects the takeover to boost its adjusted earnings per share by a high single-digit percentage by the third year. Despite the cash premium, Delivery Hero shares fell 0.5% to €37.90 in Frankfurt trading, suggesting some investor scepticism over regulatory hurdles or the final price.
Regulators will scrutinise the combination closely. To address antitrust concerns, Delivery Hero has agreed to sell its operations in 14 markets where it overlaps with Uber Eats to New York-based investment firm SSW Partners for roughly €1.4 billion. The deal still requires regulatory approvals and at least 50 percent plus one share of Delivery Hero’s capital. Prosus, the largest shareholder, has irrevocably committed its stake, granting Uber a 53 percent economic interest and putting the transaction on track to close in the second half of 2027.
