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Uber to Acquire Delivery Hero in $14.8 B All-Stock Deal, Expanding Global Delivery Footprint
Uber Technologies Inc. announced Thursday that it will acquire Berlin‑based Delivery Hero SE in an all‑stock transaction valued at $14.8 billion. The deal would add almost 100 new markets to Uber’s existing operations, nearly doubling the number of countries where the ride‑hailing giant offers both mobility and delivery services.
The agreement follows Uber’s prior ownership of about a quarter of Delivery Hero’s shares and its setting of a minimum acceptance threshold of 50 % plus one share of the German company’s outstanding capital. Prosus, which holds a 17 % stake in Delivery Hero, has agreed to sell its position as part of the transaction.
Delivery Hero operates an international network spanning more than 60 countries and owns regional brands such as Foodpanda in Asia and Talabat in the Middle East. Bringing these platforms under Uber’s umbrella would create one of the world’s largest delivery ecosystems outside China.
To address regulatory concerns over overlapping operations, Delivery Hero has separately agreed to sell its businesses in 14 markets where Uber Eats already operates to New York‑based investment firm SSW Partners for approximately $1.6 billion. The sale includes brands such as Foodora in Austria, Norway and Sweden; Glovo in Spain and Poland; and Yemeksepeti in Turkey.
"The deal will almost double the number of markets where we offer both ride‑hailing and delivery services," said Uber CEO Dara Khosrowshahi. "It strengthens our position against competitors such as DoorDash and Just Eat and expands our global reach."
The transaction is not yet finalised and is expected to face regulatory scrutiny given its scale. Authorities in several jurisdictions will review the merger for potential antitrust implications, particularly in markets where the combined entity would hold a dominant share of the delivery market.
If completed, the combined company would operate in roughly 99 markets, covering Europe, the Middle East, Latin America and Asia. Uber currently operates in about 70 countries and 15,000 cities worldwide, while Delivery Hero’s network spans more than 60 countries. The merger would therefore create a delivery platform with a presence in almost every major region.
The deal also reflects a broader trend of consolidation in the global food‑delivery sector. Uber’s previous acquisition of Postmates in 2020 and its continued expansion of Uber Eats have positioned it as a major player in the market. Delivery Hero’s portfolio of regional brands adds depth to Uber’s offering, particularly in emerging markets where local brands have strong customer loyalty.
Regulators will likely examine the transaction’s impact on competition, pricing, and consumer choice. The sale of the 14 overlapping markets to SSW Partners is a step toward mitigating potential antitrust concerns, but the overall merger will still require clearance from competition authorities in the United States, the European Union, and other key regions.
The acquisition is expected to close in the second half of 2026, subject to customary conditions and regulatory approvals. Until then, both companies will continue to operate independently.
In the meantime, Uber and Delivery Hero will maintain their current market operations. Uber’s existing ride‑hailing and delivery services will remain available to customers, and Delivery Hero will continue to run its brands in the markets not sold to SSW Partners.
The deal represents a significant shift in the global delivery landscape, potentially reshaping competition and consumer choice in the coming years. The final outcome will depend on regulatory decisions and the completion of the transaction.
The agreement follows Uber’s prior ownership of about a quarter of Delivery Hero’s shares and its setting of a minimum acceptance threshold of 50 % plus one share of the German company’s outstanding capital. Prosus, which holds a 17 % stake in Delivery Hero, has agreed to sell its position as part of the transaction.
Delivery Hero operates an international network spanning more than 60 countries and owns regional brands such as Foodpanda in Asia and Talabat in the Middle East. Bringing these platforms under Uber’s umbrella would create one of the world’s largest delivery ecosystems outside China.
To address regulatory concerns over overlapping operations, Delivery Hero has separately agreed to sell its businesses in 14 markets where Uber Eats already operates to New York‑based investment firm SSW Partners for approximately $1.6 billion. The sale includes brands such as Foodora in Austria, Norway and Sweden; Glovo in Spain and Poland; and Yemeksepeti in Turkey.
"The deal will almost double the number of markets where we offer both ride‑hailing and delivery services," said Uber CEO Dara Khosrowshahi. "It strengthens our position against competitors such as DoorDash and Just Eat and expands our global reach."
The transaction is not yet finalised and is expected to face regulatory scrutiny given its scale. Authorities in several jurisdictions will review the merger for potential antitrust implications, particularly in markets where the combined entity would hold a dominant share of the delivery market.
If completed, the combined company would operate in roughly 99 markets, covering Europe, the Middle East, Latin America and Asia. Uber currently operates in about 70 countries and 15,000 cities worldwide, while Delivery Hero’s network spans more than 60 countries. The merger would therefore create a delivery platform with a presence in almost every major region.
The deal also reflects a broader trend of consolidation in the global food‑delivery sector. Uber’s previous acquisition of Postmates in 2020 and its continued expansion of Uber Eats have positioned it as a major player in the market. Delivery Hero’s portfolio of regional brands adds depth to Uber’s offering, particularly in emerging markets where local brands have strong customer loyalty.
Regulators will likely examine the transaction’s impact on competition, pricing, and consumer choice. The sale of the 14 overlapping markets to SSW Partners is a step toward mitigating potential antitrust concerns, but the overall merger will still require clearance from competition authorities in the United States, the European Union, and other key regions.
The acquisition is expected to close in the second half of 2026, subject to customary conditions and regulatory approvals. Until then, both companies will continue to operate independently.
In the meantime, Uber and Delivery Hero will maintain their current market operations. Uber’s existing ride‑hailing and delivery services will remain available to customers, and Delivery Hero will continue to run its brands in the markets not sold to SSW Partners.
The deal represents a significant shift in the global delivery landscape, potentially reshaping competition and consumer choice in the coming years. The final outcome will depend on regulatory decisions and the completion of the transaction.
