TLDR
- Uber has launched a public takeover offer for Delivery Hero, valuing the German food delivery firm at $14.8 billion (€13 billion)
- Uber is offering €41.50 per share in cash, a premium to Delivery Hero’s recent trading price
- Major shareholder Prosus has agreed to sell its ~17% stake, giving Uber a combined economic interest of roughly 53%
- Delivery Hero will sell operations in 14 markets, including Turkish unit Yemeksepeti, to ease regulatory approval
- The deal is expected to close in the second half of 2027, with Uber committing €2 billion in German investment over five years
Uber has launched a formal public takeover bid for German food delivery company Delivery Hero, putting a price tag of around $14.8 billion on the deal.
Uber is offering €41.50 per share in cash. That represents a premium to Delivery Hero’s recent trading price. The offer is conditional on a minimum acceptance of 50% plus one share.
Uber stock (UBER) was up 0.82% at the time of the announcement. Delivery Hero (DHER) edged up 0.08%.
Delivery Hero’s management and supervisory boards have unanimously backed the offer. They plan to recommend shareholders accept it, pending a review of the final offer documents.
Uber had already held a stake of just under 37% in Delivery Hero, including derivatives, before this bid. Major shareholder Prosus has now agreed to sell its ~17% stake, pushing Uber’s total economic interest to around 53%.
Why Uber Is Making This Move
The deal is about building out Uber Eats in markets where Delivery Hero already has real scale. Delivery Hero runs Talabat in the Middle East, HungerStation in Saudi Arabia, PedidosYa in Latin America, and Baemin in South Korea.
Those are markets where Uber Eats has limited or no footprint right now. Adding them would give Uber a much broader international reach for its food delivery arm.
The move comes as food delivery companies globally are pushing toward consolidation after years of costly competition and heavy spending.
What Delivery Hero Is Selling Off
To help clear regulatory hurdles, Delivery Hero has agreed to offload operations in 14 markets before the Uber deal closes.
That includes Yemeksepeti, its Turkish unit, which will be sold to investment firm SSW Partners.
These divestitures are part of the conditions set to smooth the path through antitrust review.
Uber has committed to keeping Delivery Hero’s headquarters in Berlin and retaining its workforce through at least 2029. The company will also put €2 billion into Germany over the next five years.
The transaction is expected to close in the second half of 2027, subject to shareholder approval and regulatory clearance.
On Wall Street, analysts are broadly positive on UBER. The stock carries a Strong Buy consensus on TipRanks, backed by 28 Buy ratings and two Holds.
The average price target sits at $107.28, implying around 47.6% upside from current levels. Year-to-date, UBER is down 11.1%.
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