Uber Acquires Delivery Hero in $14.8 Billion Deal

Uber's move to acquire Delivery Hero marks the biggest consolidation event the food delivery sector has seen in years, with the ride hailing giant agreeing on Thursday to a voluntary takeover offer that values the Berlin based company at $14.8 billion. The cash offer of 41.50 euros per share represents a premium of roughly 127% over Delivery Hero's unaffected three month volume weighted average share price before May 8, 2026, and about 34% over the three month average before the announcement. Uber had floated 33 euros per share back in May, according to reporting from the Wall Street Journal, so the final number reflects a meaningful negotiation over several months.

How the Uber Delivery Hero deal reshapes the map

Once closed, Uber's combined mobility and delivery footprint expands from 79 markets to 99, and the overlap where both services run side by side nearly doubles, from 34 markets to 58. Pro forma gross bookings across the combined businesses hit $236 billion in 2025, a figure that underscores how much scale Uber is buying rather than building. Uber itself will absorb Delivery Hero operations in 50 markets that generated $42 billion in gross bookings last year, a portfolio that includes Baedal Minjok in South Korea, Glovo in multiple countries, HungerStation in Saudi Arabia, talabat across the Middle East, and PedidosYa in Latin America.

Not every asset stays with Uber. SSW Partners, a New York investment firm, is separately acquiring Delivery Hero operations in 14 markets for about $1.6 billion, a group of businesses that produced $11 billion in gross bookings in 2025. That bundle covers foodora in Austria, Norway and Sweden, Glovo in Spain and Poland, and Yemeksepeti in Turkey. SSW has said it intends to find buyers for those operations once the transaction closes, effectively acting as a temporary custodian for assets Uber didn't want to keep.

Ownership math and who signed off

Prosus, the second largest Delivery Hero shareholder, has agreed to tender its roughly 17% stake into the offer. Add that to Uber's existing 24.77% direct stake plus about 11.74% of additional economic exposure through equity derivatives, and Uber's total economic interest climbs to approximately 53%, a majority position secured well before the tender offer even closes. Delivery Hero's management board and supervisory board have both endorsed the deal unanimously and plan to recommend that remaining shareholders tender their shares.

Financing, timeline and Germany commitments

Uber intends to fund the purchase using existing cash plus new debt, backed by a committed bridge facility of roughly 14 billion euros. The company expects the acquisition to add to non GAAP earnings per share immediately upon closing, with accretion reaching a high single digit percentage by the third year. Regulatory clearances, including merger control approvals across the affected jurisdictions, mean closing isn't expected until the second half of 2027, a timeline that gives antitrust authorities in multiple regions ample runway to scrutinize the combination.

Uber has also pledged to keep Delivery Hero's Berlin headquarters running and its German workforce untouched through at least 2029, alongside a commitment of 2 billion euros for German investment by 2031, aimed at corporate operations, domestic expansion and autonomous vehicle projects. Those commitments read as much like a political concession to German regulators and labor stakeholders as a business strategy, and they will likely factor into how smoothly the deal clears local review.

Frequently Asked Questions

What is uber hero?

There is no company called Uber Hero. The phrase typically refers to Uber's pending acquisition of Delivery Hero, the Berlin headquartered food delivery firm behind brands like talabat, Glovo and PedidosYa.

Is uber acquiring delivery hero?

Yes. Uber agreed on Thursday to a $14.8 billion voluntary takeover offer for Delivery Hero, with Delivery Hero's boards unanimously backing the deal and recommending shareholders tender their shares.

Will uber acquire delivery hero?

The deal is agreed and supported by Delivery Hero's leadership and major shareholder Prosus, but it still needs regulatory clearances. Closing is expected in the second half of 2027.