Uber has agreed to acquire Delivery Hero in a landmark €13 billion transaction that will significantly reshape the global food delivery and quick commerce industry. The deal expands Uber’s presence into more than 50 additional markets, creating a combined delivery and mobility platform operating across 99 countries.
Under the terms of the voluntary takeover offer, Uber will pay €41.50 per Delivery Hero share, valuing the German delivery giant at approximately €13 billion ($14.8 billion). Adjusting for Uber’s existing ownership stake, the effective transaction value stands at roughly $13.7 billion. Delivery Hero’s management and supervisory boards have unanimously endorsed the offer and intend to recommend shareholders approve the acquisition.
Strategic Expansion Across High-Growth Markets
The acquisition gives Uber control of Delivery Hero’s extensive portfolio across Asia, Latin America, the Middle East and Africa, including well-known brands such as talabat, HungerStation, PedidosYa, foodpanda, Glovo, and South Korea’s Baedal Minjok. Together, the combined businesses generated approximately $236 billion in gross bookings during 2025, highlighting the scale of the new global platform.
The Middle East and North Africa emerges as one of the transaction’s most valuable regions, with Uber gaining full control of talabat’s operations across the Gulf and HungerStation’s leading position in Saudi Arabia, strengthening its competitive position in one of the world’s fastest-growing digital commerce markets.
Divestments Aim to Ease Regulatory Approval
To address potential antitrust concerns, Delivery Hero has separately agreed to sell businesses operating in 14 overlapping markets to New York-based investment firm SSW Partners for approximately $1.6 billion (€1.4 billion).
The divestiture includes several European operations, notably Yemeksepeti in Türkiye, foodora businesses in Northern Europe, Glovo’s operations in Spain, Portugal, Poland and Romania, alongside several other regional brands. SSW Partners will independently seek long-term strategic owners for these businesses following the transaction.
Germany Remains a Strategic Hub
Despite the ownership change, Uber has committed to maintaining Delivery Hero’s Berlin headquarters through at least 2029 while investing €2 billion in Germany over the next five years. The investment will support local employment, engineering talent and partnerships focused on autonomous mobility technologies, reinforcing Germany’s role in Uber’s long-term innovation strategy.
Leadership Transition Begins
The announcement also marks the beginning of a leadership transition at Delivery Hero. Co-founder and CEO Niklas Östberg, who has led the company since its founding in 2011, is preparing to hand over executive leadership after transforming the business into one of the world’s largest food delivery platforms.
The transaction is expected to close in the second half of 2027, subject to shareholder approval and regulatory clearances. Upon completion, Uber expects the acquisition to immediately contribute to earnings and deliver stronger profitability through operational efficiencies and expanded cross-platform services.