Uber has agreed to acquire Delivery Hero in a $14.8 billion all-stock deal that would nearly double the companys global footprint and create one of the worlds largest food-delivery platforms outside China. The acquisition combines Ubers existing Uber Eats business with Delivery Hero operations across more than 70 countries.
Delivery Hero, which is headquartered in Berlin, operates food delivery platforms including Foodpanda and Glovo across Europe, Asia, Latin America, and the Middle East. The deal gives Uber a strong presence in markets where it has historically been weak, particularly in parts of Asia and Europe.
The acquisition comes at a time when the global food delivery market is consolidating after years of intense competition and significant losses. Companies have been under pressure from investors to demonstrate a path to profitability, leading to cost-cutting measures and strategic acquisitions.
Delivery Hero shareholders will receive Uber stock in exchange for their shares, making them owners of a combined entity with significantly greater scale. The deal is expected to generate substantial cost synergies through the elimination of overlapping operations and the sharing of technology and logistics infrastructure.
The transaction is subject to regulatory approvals in multiple jurisdictions. Antitrust regulators in Europe and Asia are expected to scrutinize the deal closely given the combined market share of the two companies in several key markets. Uber has said it expects the deal to close before the end of 2026.
This article was adapted from TechCrunch. Read the original here.
