Delivery Hero confirmed the status of these negotiations on Tuesday, though the firm refrained from addressing speculation regarding a final offer price. Investors responded sharply to the news, pushing Delivery Hero shares up 6% to 39.10 euros, while Uber stock dipped roughly 4% to $71.32. Should the transaction proceed, it would represent a significant expansion for Uber, which is currently intensifying its efforts to capture greater market share in both ride-hailing and food delivery.
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Uber Weighs Delivery Hero Acquisition to Expand Global Footprint
A potential multibillion-euro deal between Uber and Delivery Hero has moved into advanced discussions, signaling a major consolidation in the international food-delivery market. The talks follow an initial approach from Uber in May that valued the Berlin-based company at approximately 10 billion euros, or $11.38 billion.
This move aligns with Uber’s broader strategy of aggressive international growth, evidenced by recent acquisitions such as the chauffeur service Blacklane and Getir’s Turkish operations. For Delivery Hero, the potential sale arrives during a period of corporate transition. Co-founder and CEO Niklas Östberg is slated to step down by the end of March next year but remains at the helm of the company’s ongoing strategic review. With operations spanning 65 countries across Asia, Europe, Latin America, the Middle East, and Africa, Delivery Hero’s extensive infrastructure offers a tempting target as competition against rivals like DoorDash continues to escalate.
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