Uber agrees to acquire Delivery Hero in a deal that values the German food delivery company at ~$14.8B, offering €41.50 per share and buying Prosus' 16.8% stake

Uber Technologies Inc. has agreed to buy Delivery Hero SE in a deal that values the German food-delivery company at $14.8 billion …

Bloomberg 2026-07-16

Context & Ripple Effects

Uber’s pursuit of Delivery Hero moved quickly from stake-building: it agreed to buy an additional 4.5% from Prosus in April, then raised its holding to 19.5% in May while saying it did not intend to cross the 30% voting-rights threshold.

A €33-per-share approach disclosed in May gave way to reports of a roughly €40 bid this week. The agreed €41.50 offer and purchase of Prosus’ 16.8% stake turn that escalating pursuit into a transaction that consolidates Uber’s position in Delivery Hero.

First-order effects

Delivery Hero shareholders are offered €41.50 per share, while Prosus exits its 16.8% holding as part of Uber’s acquisition agreement.
Uber shifts from a minority investor in Delivery Hero to its agreed buyer, bringing Delivery Hero’s food-delivery operations under Uber’s control subject to completion.

Second-order effects

The higher final offer establishes a clearer benchmark for Delivery Hero’s remaining shareholders after the earlier €33 proposal and reported ~€40 discussions.
Prosus’ sale removes a major strategic shareholder from Delivery Hero, concentrating ownership and integration decisions with Uber rather than a mix of large investors.

Third-order effects

If completed, the deal extends the pattern of ride-hailing platforms using ownership and acquisitions to deepen their food-delivery footprint rather than relying solely on partnerships or minority stakes.
The progression from incremental stake purchases to a full bid suggests that control of delivery platforms may command a premium when strategic investors seek operational, rather than financial, influence.

The trend: Uber’s Delivery Hero deal is part of a broader platform-consolidation trend in which mobility companies seek greater control over adjacent delivery networks through equity stakes and acquisitions.

Discussion

Maxim Koblyuk Maxim Koblyuk on linkedin
🚀 Uber is going all in on food delivery. — Uber has agreed to acquire Delivery Hero in a deal worth €12.6 billion ($14.8 billion) …
Delivery Hero Delivery Hero on linkedin
🗞️ Big news: Delivery Hero plans to join forces with Uber. — Today marks a defining moment in our 15-year journey. …
Saurabh Biswal Saurabh Biswal on linkedin
It's done. Uber just bought Delivery Hero, and the whole board. — Less that 24 hours ago I called this “stuck” on price. Today Uber blew past it. …
Miran M. Mubarak Miran M. Mubarak on linkedin
Uber Announces Acquisition Offer for Delivery Hero. — FYI Talabat Iraq is part of the Delivery Hero group. — https://lnkd.in/...
Raghu Tenneti Raghu Tenneti on linkedin
Uber → Delivery Hero Acquisition. Uber just spent $14.8 billion. — German. Headquartered in Berlin. Sold its own German delivery business years ago. …
Pulkit Malhotra Pulkit Malhotra on linkedin
A bold move that would reshape global delivery. — Having spent years hiring leadership talent across Strategy & Operations …
Redwan Rezvi Redwan Rezvi on linkedin
Long-term value is created by companies that are willing to think beyond today's opportunities and make bold strategic moves. …
María Laura Giorgi Tealdi María Laura Giorgi Tealdi on linkedin
🚀 Uber Announces Acquisition Offer for Delivery Hero — I've spent the last few years watching—and learning from—some incredibly strong teams across Latin America. …
Natalie Lung Natalie Lung on linkedin
It's official: Uber has made an offer to buy Delivery Hero for $14.8 billion, expanding the US company's global footprint to 99 markets from 79. …
@niklasoestberg Niklas Oestberg on x
After 15 years of incredibly hard work, we're partnering with Uber in a transaction valuing Delivery Hero at €13bn! 🚀 Very proud of what the team has built, and excited for the future. [image]
@capexandchill @capexandchill on x
Dara spoke on M&A and how they intend for it to not derail other capital priorities. Dara confirmed Uber will continue to invest in organic growth, autonomous tech, and stock buybacks. Some interesting aspects to Delivery Hero is their advertising business is highly developed, [v…
@gabgrowth @gabgrowth on x
$UBER has acquired Delivery Hero for $14.8B. The 2 largest mobility + food delivery platforms have combined. I have a never been a big fan of DH, I think it is exceptionally poorly run. However, it does have many interesting business in its portfolio: FoodPanda, Glovo,
@_balaji_km Balaji Krishnamurthy on x
Our offer to acquire Delivery Hero exceeds the very high bar we set for M&A: a business that's ~10% of Uber's market cap, but adds ~20% to our trips and Gross Bookings and drives significant accretion post close. For Delivery, the transaction is transformational, roughly doubling…

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