Uber agreed to acquire Delivery Hero in a $14.8 billion all-cash deal, a voluntary public takeover at 41.50 euros per share, per TechCrunch. The combined company would operate across 99 markets spanning ride-hailing, food delivery, and quick commerce. Closing is targeted for the second half of 2027, subject to regulatory approvals and a 50%-plus-one acceptance threshold, per Bloomberg. Uber already held roughly 24.77% directly plus derivative exposure, giving it about a 53% economic interest going in, and Prosus has agreed to tender its roughly 17% stake.
The number is $14.8 billion in equity value, about $13.7 billion adjusted for Uber's prior stake. Uber was already Delivery Hero's largest shareholder, so this converts a big minority position into outright control. The strategic logic is footprint. Ninety-nine markets is close to double Uber's current reach, and it folds the fragmented global delivery map under one operator, with Delivery Hero's strength across the Middle East, Asia, and Latin America filling exactly the regions where Uber Eats is thin.
The second-half-2027 close date is the real tell. A deal spanning 99 markets triggers competition review in many of them, and that timeline prices in the friction. The pre-emptive move is already visible: Delivery Hero agreed to sell its business in 14 markets to SSW Partners for $1.6 billion, a divestiture that reads as an antitrust remedy negotiated up front rather than forced later. For anyone operating in delivery or logistics, this is the consolidation phase of the platform cycle arriving in full.
Bottom Line
The strategic case is footprint; the risk is regulatory review across dozens of markets. Watch the divestiture list grow as competition authorities weigh in, and watch the late-2027 close date for slippage.