Uber launches $14.8 billion offer for Delivery Hero to create global platform
Uber said the deal would nearly double its delivery markets and create a platform with $236 billion in combined gross bookings in 2025.
- Uber Technologies has agreed to acquire Germany's Delivery Hero SE for about $14.8 billion, paying €41.50 per share in cash and acquiring shares held by major shareholders.
- The acquisition gives Uber control of Delivery Hero's operations across 50 markets in Europe, the Middle East, Asia, Latin America, and Africa, including brands like Talabat, Foodpanda, and HungerStation.
- To ease regulatory concerns, 14 overlapping Delivery Hero markets will be divested to SSW Partners for about $1.6 billion before being sold to other buyers.
- This acquisition expands Uber's global food delivery presence and fits its strategy to grow beyond ride-hailing amid industry consolidation and competition.
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Cryptocurrency News | Cryptocurrency Prices | Market CapUber Agrees to Buy Delivery Hero in $14.8 Billion Deal
Uber offered to pay $47.60 a share and will acquire Delivery Hero’s operations in 50 markets, the company said in a statement on July 16.
The food delivery market is being redrawn when Uber buys Delivery Hero. But despite a new owner, Foodora's operations in Sweden will continue as usual. "For customers, it's business as usual," the company writes to SvD.
Uber Technologies has reached an agreement to acquire the German Delivery Hero in an operation that evaluates the food delivery company at 12.61 billion euros (US$ 14.45 billion) and seeks to strengthen the presence of the American technology company in the international markets. Exclusive material for subscribers. To have full access, access the link of the material and register.
Uber CEO Dara Khosrowshahi on $14.8B Delivery Hero deal: The combination represents compelling value
Uber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss the company's $14.8B deal to buy German food delivery company Delivery Hero, global rideshare competition, and more.
American giant acquires the remaining capital of the German online delivery company, in operation of 12 billion euros. It was already the main shareholder of the company. Co-founder highlights "right choice".
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