Uber has reached an agreement to acquire Germany's Delivery Hero in a $14.8 billion deal that would create a global food delivery giant spanning 99 countries, combining Uber Eats with brands including Asia's foodpanda, Latin America's PedidosYa, and talabat in the Middle East.
The U.S. tech firm offered €41.50 per share to Delivery Hero's shareholders, valuing the business at $14.8 billion. After accounting for its previous purchases of a quarter of Delivery Hero's shares, most recently in May, Uber will pay $13.7 billion. The combined company booked $236 billion in orders in 2025.
Under the deal, Uber will not acquire Delivery Hero's operations in 14 countries where it already has a strong presence, including the Glovo app serving Portugal and Spain, foodora in Norway and Sweden, and Yemeksepeti in Turkey. Those operations will instead be bought for $1.6 billion by SSW Partners, a New York-based private equity firm. Splitting the deal with SSW will help prevent Uber from dominating those markets, an important consideration for competition regulators.
The acquisition comes amid a wave of consolidation in the food delivery industry, as companies seek greater scale to cover significant operating costs following the post-pandemic slowdown. DoorDash took over Britain's Deliveroo for £2.9 billion last year, while Prosus bought Just Eat Takeaway for €4 billion.
Delivery Hero's board and executives unanimously supported the takeover and said they intend to recommend it to shareholders. Prosus has committed to sell its 17% stake in Delivery Hero to Uber. Kristin Skogen Lund, chair of Delivery Hero's supervisory board, said the food delivery business is highly competitive and scale-dependent, and that joining forces with a strong partner is the right move to secure future competitiveness.
Uber said it will maintain Delivery Hero's headquarters in Berlin and make no changes to its workforce until at least 2029, while pledging to invest €2 billion in Germany over the next five years. The deal is expected to close in the second half of 2027.
Uber CEO Dara Khosrowshahi said the combination will extend affordable, reliable delivery to millions more people in dynamic economies while creating more opportunities for merchants and couriers. The company noted that it will offer taxi services and food delivery in 58 markets after the deal completes, up from 34, and that users who utilize both services tend to spend three times more on its app.
