Uber acquires Delivery Hero for $14.8B, nearly doubling global reach
Original: Uber’s $14.8B Delivery Hero deal would nearly double its global footprint
Why This Matters
The deal would make Uber the world's largest food delivery platform outside China, intensifying global competition.
Uber officially agreed to acquire German food delivery firm Delivery Hero in an all-stock deal valued at $14.8 billion, which would expand Uber's presence to nearly 100 markets across Europe, the Middle East, Latin America, and Asia — roughly doubling its current footprint.
Uber has officially announced a $14.8 billion all-stock agreement to acquire Berlin-based Delivery Hero, ending weeks of market speculation. The deal would bring Uber into nearly 100 markets spanning Europe, the Middle East, Latin America, and Asia, making its delivery platform the largest outside of China. Separately, Delivery Hero agreed to divest operations in 14 markets where Uber Eats already operates to New York-based investment firm SSW Partners for $1.6 billion. The acquisition is not yet finalized; Uber has set a minimum acceptance threshold of 50% plus one share of Delivery Hero's outstanding capital. Prosus, a major shareholder holding a 17% stake, has agreed to tender its shares. Uber was already Delivery Hero's largest shareholder prior to this announcement. CEO Dara Khosrowshahi stated: 'Together, we'll nearly double the number of markets where we offer both mobility and delivery services, scaling a proven platform that we believe will create significant long-term value for our customers and shareholders.' The deal is expected to face regulatory scrutiny and positions Uber more competitively against DoorDash and Just Eat.