Uber Technologies has entered into a business combination agreement to acquire Delivery Hero in a transaction representing an equity value of $14.8 billion, or $13.7 billion adjusted for prior stake purchases, according to official company disclosures. The transaction will extend the world’s largest mobility and delivery platform to 99 markets globally, uniting operations that accounted for a combined pro-forma gross booking total of $236 billion in 2025.
Under the terms of the voluntary takeover offer announced on July 16, 2026, Uber is offering Delivery Hero shareholders a cash consideration of €41.50 per share, as detailed by Uber’s Investor Relations Portal. The transaction is projected to be accretive to non-GAAP earnings per share upon closing, with high-single-digit percentage accretion expected by the third year following completion.
The acquisition expands Uber’s global footprint significantly, bringing together major regional delivery brands while navigating complex regulatory considerations across multiple continents. Delivery Hero’s management and supervisory boards have unanimously welcomed the takeover offer and intend to recommend that shareholders tender their shares, subject to formal review of the forthcoming offer document.
Global Footprint Expansion and Market Reorganization
If the transaction successfully closes, Uber’s delivery platform will solidify its position as one of the largest operators outside of China, nearly doubling its active markets. According to TechCrunch coverage, the combined entity will place Uber in an intensified competitive posture against rivals such as DoorDash and Just Eat.
As part of the overarching corporate restructuring, German-based Delivery Hero has reached a separate agreement to sell its business across 14 markets—specifically regions where Uber Eats already maintains an active presence—to New York-based investment firm SSW Partners for approximately $1.6 billion. Uber will not exercise control over these transferred markets, and SSW Partners will independently oversee strategic partnerships for those operations, which generated significant gross bookings in 2025.
Meanwhile, Uber is set to directly acquire 50 markets that generated substantial gross bookings last year. The acquired portfolio features a wide array of prominent regional platforms, including Baedal Minjok in the Republic of Korea, talabat across the Middle East, foodpanda in various Asian nations, Hungerstation in Saudi Arabia, PedidosYa throughout Latin America, and Glovo across parts of Europe and Africa.
Shareholder Support and Transaction Thresholds
The deal requires meeting specific ownership thresholds to proceed. Uber, which already held a significant position as Delivery Hero’s largest shareholder, has established a minimum acceptance threshold of 50% plus one share of Delivery Hero’s outstanding share capital. Major investor Prosus has already irrevocably committed to tender its 17% stake in the company, bringing Uber’s total prospective economic interest to approximately 53% upon completion, as reported in the official corporate announcement.
“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,” Uber CEO Dara Khosrowshahi stated.
Regulatory Outlook and Next Steps
The multi-billion-dollar agreement is not yet finalized and remains subject to customary closing conditions, regulatory clearances, and the receipt of required antitrust approvals across the numerous jurisdictions where both companies operate. TechCrunch reports that the purchase will likely face regulatory scrutiny.
Delivery Hero shareholders will review the formal Offer Document ahead of the acceptance period. Readers and stakeholders can monitor ongoing updates through Uber’s Investor Relations announcements.
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