Uber has agreed to acquire German food delivery giant Delivery Hero in a deal valued at €12.7 billion ($14.6 billion), creating one of the largest food delivery platforms in the world. The announcement was made on Thursday, July 16, with Uber offering €41.50 per share for Delivery Hero.
Deal details and market reaction
Despite the significant offer, Delivery Hero's shares fell 0.5% in Frankfurt trading to €37.90. The transaction is structured as a two-part acquisition: Uber will acquire Delivery Hero's operations in 50 markets worldwide, while U.S.-based investment firm SSW Partners will acquire its businesses in another 14 markets where the two companies currently compete. That portion of the deal is valued at approximately €1.4 billion.
Company backgrounds
Delivery Hero was founded in 2011 and has grown into one of the world's largest food delivery companies, operating in more than 60 markets across Asia, Europe, Latin America, and the Middle East. In recent years, it has expanded beyond restaurant deliveries into "quick commerce," offering rapid delivery of groceries and small consumer goods.
Leadership comments
Delivery Hero Chief Executive Officer and co-founder Niklas Östberg said the agreement would strengthen the company's long-term growth by combining its regional expertise with Uber's global platform. "Uber's global mobility and delivery platform and our shared commitment to innovation make this the right partnership to build on Delivery Hero's strengths in local food delivery and quick commerce," Östberg said.
Uber Chief Executive Officer Dara Khosrowshahi said the acquisition would expand the company's delivery services while creating new opportunities for businesses and delivery workers. "A merger would 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," Khosrowshahi said.
Next steps and timeline
Delivery Hero's management has unanimously recommended that shareholders approve the offer. The companies said the transaction remains subject to shareholder approval and regulatory clearances and is expected to be completed in the second half of 2027.
