Uber Agrees to $14.8 Billion Delivery Hero Deal to Expand Global Reach

Uber has agreed to acquire German food delivery company Delivery Hero in a $14.8 billion all-stock deal, a move that would significantly expand its global delivery business and extend its presence to nearly 100 markets across Europe, the Middle East, Latin America, and Asia.

The transaction is not yet complete and is expected to face regulatory review. Uber has also set a minimum acceptance threshold of 50% plus one share of Delivery Hero’s outstanding share capital. Delivery Hero separately agreed to sell its operations in 14 markets, where Uber Eats already operates, to New York-based investment firm SSW Partners for $1.6 billion.

If approved, the acquisition would nearly double Uber’s global footprint and strengthen its position against rivals including DoorDash and Eat. Uber was already Delivery Hero’s largest shareholder, while Prosus has also agreed to sell its 17% stake as part of the transaction.

Uber CEO Dara Khosrowshahi said combining the two companies would almost double the number of markets where Uber offers both mobility and delivery services, creating a larger global platform for customers while delivering long-term value for shareholders.