The acquisition aims to expand Uber Eats into 50 new markets following $42 billion in gross bookings last year.
Uber Technologies will purchase German food delivery firm Delivery Hero for $14.8 billion, marking its largest acquisition to date. The deal values Delivery Hero at 41.50 euros per share under a voluntary offer.
Uber Eats generated $42 billion in gross bookings in 2025, and the acquisition is expected to extend its reach into 50 additional global markets. The move follows Uber’s strategy to strengthen its delivery network amid growing competition.
Shares of Uber rose following the announcement, reflecting investor optimism about the expansion.