Uber Delivery Hero Acquisition to Expand Global Mobility and Delivery Network

Uber Technologies Inc has announced a cash proposal of EUR 41.50 per share to acquire Delivery Hero SE, valuing the food delivery company at approximately USD 14.8 billion. If the transaction receives the required approvals and is completed, Uber would significantly broaden its global mobility and delivery footprint to 99 markets. The acquisition would also nearly double the number of countries where the company provides both ride-hailing and delivery services, strengthening its integrated platform strategy while preserving the technical and financial framework of the proposed transaction.

To address competition-related considerations, Delivery Hero plans to divest operations in 14 overlapping markets to SSW Partners for approximately USD 1.6 billion as part of the overall transaction. This planned sale is intended to reduce regulatory concerns in markets where business overlap exists while supporting the completion of the acquisition. The restructuring allows Uber to pursue the acquisition with a streamlined market portfolio and creates a clearer path for regulatory review.

Uber stated that the proposed acquisition is expected to be earnings accretive after closing while supporting stronger long-term business growth. The combined organization is anticipated to benefit from a broader customer base, a larger merchant ecosystem, and improved operational efficiencies across mobility and delivery services. By integrating complementary operations, Uber expects to enhance scale and strengthen its competitive position across international markets without changing the core services offered to customers and business partners.

As part of its long-term commitments, Uber confirmed it will maintain Delivery Hero's Berlin headquarters through 2029. The company also plans to invest EUR 2 billion in Germany over the next five years. The investment program includes partnerships focused on autonomous vehicle development with the country's automotive industry, reinforcing Uber's interest in advancing future mobility technologies alongside expanding its delivery and transportation operations.

Key Highlights of the Proposed Transaction

• Uber offered EUR 41.50 per share in cash for Delivery Hero.
• The transaction values Delivery Hero at approximately USD 14.8 billion.
• The combined platform would operate across 99 global markets.
• Delivery Hero will divest operations in 14 overlapping markets to SSW Partners for about USD 1.6 billion.
• Uber expects the acquisition to improve earnings after closing.
• Uber plans to invest EUR 2 billion in Germany over five years while retaining Delivery Hero's Berlin headquarters through 2029.

Proposed Acquisition Overview

Frequently Asked Questions

What is Uber proposing in its acquisition of Delivery Hero?
Uber has proposed acquiring Delivery Hero through a cash offer of EUR 41.50 per share, valuing the company at approximately USD 14.8 billion. If approved, the acquisition would expand Uber's combined mobility and delivery operations to 99 markets and nearly double the number of countries where it offers both ride-hailing and delivery services. The transaction also includes the sale of overlapping operations, continued support for Delivery Hero's Berlin headquarters, and a EUR 2 billion investment program in Germany focused partly on autonomous vehicle partnerships.