Uber agreed to acquire Delivery Hero in a deal that values the Berlin-headquartered food delivery company at $14.8 billion, the companies announced Thursday.
The voluntary takeover offer puts €41.50 per share in cash on the table for Delivery Hero shareholders
The offer represents a premium of roughly 127% over Delivery Hero’s unaffected three-month volume-weighted average share price prior to May 8, 2026, and about 34% over the three-month average prior to Thursday’s announcement, the company said. Uber had previously proposed €33 per share in May, according to the Wall Street Journal. As a result of the deal, Uber’s combined mobility and delivery footprint will grow to 99 markets from 79, and the number of markets where it operates both services will nearly double, rising from 34 to 58, the company said.
The combined businesses posted pro-forma gross bookings of $236 billion in 2025. Uber will acquire Delivery Hero’s operations in 50 markets — which generated $42 billion in gross bookings last year — spanning brands including Baedal Minjok in South Korea, Glovo across multiple countries, HungerStation in Saudi Arabia, talabat across the Middle East, and PedidosYa across Latin America. In a separate transaction, New York-based investment firm SSW Partners agreed to acquire Delivery Hero’s businesses in 14 markets, including foodora in Austria, Norway, and Sweden, Glovo in Spain and Poland, and Yemeksepeti in Turkey, for approximately $1.6 billion.