Uber Pursues Takeover of Delivery Hero to Challenge DoorDash Globally
Uber Technologies has proposed a €33-per-share takeover of Berlin-based Delivery Hero, valuing it at over €10 billion, after increasing its stake to 19.5%. The bid was rejected by a major shareholder, prompting Uber to consider a higher offer. Delivery Hero is conducting a strategic review, including a potential sale of its South Korean platform Baemin. The deal aims to strengthen Uber’s global food delivery presence against rival DoorDash, which recently acquired Deliveroo. Regulatory approvals may be required.
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Uber Technologies Explores Full Takeover of Delivery Hero
On May 22, 2026, Bloomberg reported that Uber Technologies (NYSE:UBER) is exploring a potential full takeover of Delivery Hero SE. Uber has increased its stake to roughly 19.5% of Delivery Hero's issued capital, with an additional 5.6% exposure through options. The move aims to strengthen Uber's international delivery position and compete more directly with DoorDash (DASH). Uber is engaging with other Delivery Hero investors and using advisers to assess further ownership increases. Delivery Hero welcomed the investment as an endorsement of its platform and Everyday App strategy, while remaining focused on operational performance and its strategic review. Earlier in May, Fox Advisors analyst Steven Fox upgraded Uber to Outperform with a $95 price target, citing that Uber's heavier investment pace is poised to contribute to profit growth. Uber operates proprietary technology applications globally across rideshare and delivery segments.
Yahoo FinanceUber Stock Falls After $11.6 Billion Bid for Delivery Hero; Analysts Say Deal Makes Sense
Uber Technologies (UBER) stock declined on Tuesday following news that the company made an $11.6 billion bid to acquire Germany-based Delivery Hero. The proposal was disclosed in a regulatory filing by Delivery Hero on Saturday. Analysts view the potential acquisition as a strategic move to counter international expansion efforts by Uber's main food-delivery rival, DoorDash (DASH). The deal, if completed, would significantly strengthen Uber's global footprint in the food delivery market. The article highlights that despite the stock's initial negative reaction, market analysts believe the acquisition makes strategic sense for Uber's long-term competitive positioning.
Yahoo FinanceUber Makes $11.6 Billion Takeover Bid for Delivery Hero
Uber Technologies has submitted an indicative proposal of €33 per share (approximately €10 billion or $11.6 billion) to acquire all shares of Berlin-based food delivery company Delivery Hero. Delivery Hero confirmed the approach on Saturday, and its stock opened more than 10% higher on Monday, climbing as high as €37.16. Uber had built its stake in Delivery Hero from around 7% to approximately 19.5% in the weeks prior, becoming the top shareholder. Uber's board met on Saturday to discuss an improved bid after a €38 per share offer was reportedly rejected by a major shareholder. The bid comes at a turbulent time for Delivery Hero, which recently saw a co-founder and CEO exit and a strategic review. A successful acquisition would continue a pattern of consolidation in the food delivery industry, following DoorDash's purchase of Deliveroo and Prosus's takeover of Just Eat.
Yahoo FinanceUber Makes $11.6 Billion Takeover Bid for Delivery Hero
Uber Technologies has submitted an indicative proposal of €33 per share (approximately €10 billion or $11.6 billion) to acquire all shares of Berlin-based food delivery company Delivery Hero. Delivery Hero confirmed the approach on Saturday, and its stock opened more than 10% higher on Monday, climbing as high as €37.16. Uber had built its stake in Delivery Hero from around 7% to 19.5% in the weeks prior, becoming the top shareholder. Uber's board convened on Saturday to discuss an improved bid after a €38 per share offer was reportedly rejected by a major shareholder. The bid comes at a turbulent time for Delivery Hero, which recently saw a co-founder and CEO exit and is undergoing a strategic review. A successful acquisition would continue a pattern of consolidation in the food delivery industry, following DoorDash's purchase of Deliveroo and Prosus's takeover of Just Eat.
Yahoo FinanceUber Weighs Options to Enhance Delivery Hero Bid After Investor Rejection
Uber is considering improving its takeover proposal for Delivery Hero after a major shareholder rejected an offer valuing the German food delivery company at over €11.5 billion ($13.3 billion). Uber's board met to review the situation after an offer of €38 per share was rejected by one of Delivery Hero's largest investors. This follows an earlier proposal of €33 per share, which was confirmed by Delivery Hero. Competitor DoorDash has also shown interest by contacting Delivery Hero investors. Several shareholders have indicated they want more than €40 per share for a full sale. Uber currently owns 19.5% of Delivery Hero and an additional 5.6% through derivatives. Morgan Stanley is advising Uber on the bid and also holds a 27% interest in Delivery Hero via equity swaps. Any potential deal would face regulatory review. Delivery Hero CEO Niklas Oestberg has announced he will step down by March 2027.
Yahoo FinanceUber Weighs Options to Enhance Delivery Hero Bid After Investor Rejection
Uber is considering improving its takeover proposal for Delivery Hero after a major shareholder rejected an offer valuing the German food delivery company at over €11.5 billion ($13.3 billion). Uber's board met to review the situation after a €38 per share offer was rejected by one of Delivery Hero's largest investors. This follows an earlier €33 per share proposal confirmed by Delivery Hero. Competitor DoorDash has also shown interest by contacting Delivery Hero investors. Several shareholders have indicated they want more than €40 per share for a full sale. Uber currently owns 19.5% of Delivery Hero and an additional 5.6% through derivatives. Morgan Stanley is advising Uber on the bid and holds a 27% interest in Delivery Hero via equity swaps. Any deal would face regulatory review. Delivery Hero CEO Niklas Oestberg announced he will step down by March 2027.
Yahoo FinanceUber’s $11.6 Billion Takeover Approach Lifts Delivery Hero Shares
Uber Technologies made a €10 billion ($11.6 billion) indicative takeover approach for German food-delivery company Delivery Hero, sending its shares up as much as 13% to €37.85. Uber has become Delivery Hero's largest shareholder, holding a 19.5% direct stake and an additional 5.6% through financial contracts. The proposal values Delivery Hero at €33 per share, slightly below its Friday closing price of €33.59. Delivery Hero said it remains focused on its strategic review and will provide updates as needed. The move continues a trend of consolidation in the food-delivery industry, following DoorDash's acquisition of Deliveroo and Prosus's takeover of Just Eat Takeaway.com. Uber did not immediately comment. Delivery Hero has recently undergone a strategic reset, ownership changes, and the departure of its co-founder and CEO.
Yahoo FinanceUber Technologies' Takeover Bid Rejected by Delivery Hero
Uber Technologies Inc made a takeover bid for Delivery Hero, valuing the food delivery company at approximately €10 billion (€33 per share). Delivery Hero confirmed receiving the offer but stated it was rejected, without disclosing further details of the discussions. The company noted it remains focused on its ongoing strategic review. Following the news, Delivery Hero shares rose more than 12%, trading above €37. The bid follows Uber's recent increase in its stake in Delivery Hero to roughly 19.5% of issued share capital, making it the largest shareholder, with additional financial instruments linked to a further 5.6% stake. The move supports Uber's strategy to expand its international delivery footprint and strengthen its competitive position against rivals such as DoorDash in key overseas markets.
Yahoo FinanceUber Technologies' Takeover Bid Rejected by Delivery Hero
Uber Technologies Inc made a takeover bid for Delivery Hero, valuing the food delivery company at approximately €10 billion (€33 per share). Delivery Hero, headquartered in Berlin, Germany, confirmed receiving the offer but stated it was rejected, without disclosing further details of the discussions. The company noted it remains focused on its ongoing strategic review. Following the news, Delivery Hero shares rose over 12%, trading above €37. This bid follows Uber's recent increase in its stake in Delivery Hero to roughly 19.5% of issued share capital, making it the largest shareholder, with Uber also holding financial instruments linked to an additional 5.6% stake. The move supports Uber's strategy to expand its international delivery footprint and strengthen its competitive position against rivals like DoorDash in key overseas markets.
Yahoo FinanceDelivery Hero Shares Surge 10% on Report of Uber's Improved Takeover Bid
Shares in German food delivery company Delivery Hero rose over 10% on Monday following a Financial Times report that U.S. rival Uber is considering an improved takeover bid. Delivery Hero confirmed on Saturday it received an offer of €33 per share from Uber, valuing the company at over €10 billion. The German firm stated it remains focused on its strategic review. According to the FT, Uber's board met on Saturday to discuss a higher bid after a €38 per share offer was reportedly rejected by a major Delivery Hero shareholder. Uber recently increased its stake in Delivery Hero to about 19.5%, becoming its largest shareholder. Uber shares fell 2.4% on Friday. If successful, the deal would mark further consolidation in the food delivery sector, following DoorDash's acquisition of Deliveroo and Prosus's purchase of Just Eat last year.
US Top News and AnalysisDelivery Hero Shares Surge 10% on Report of Uber's Improved Takeover Bid
Shares in German food delivery company Delivery Hero rose over 10% on Monday following a Financial Times report that U.S. rival Uber is considering an improved takeover bid. Delivery Hero confirmed on Saturday it received an offer of €33 per share from Uber, valuing the company at over €10 billion. The German firm stated it remains focused on its strategic review process. According to the FT, Uber's board met on Saturday to discuss a higher bid after a €38 per share offer was reportedly rejected by a major Delivery Hero shareholder. Uber recently increased its stake in Delivery Hero to about 19.5%, becoming its largest shareholder. Uber shares fell 2.4% on Friday. If successful, the deal would mark further consolidation in the food delivery sector, following DoorDash's acquisition of Deliveroo and Prosus's purchase of Just Eat last year.
US Top News and AnalysisDelivery Hero Shares Surge 10% on Report of Uber's Improved Takeover Bid
Shares in German food delivery company Delivery Hero rose over 10% on Monday after a Financial Times report that U.S. rival Uber is considering an improved takeover bid. Delivery Hero confirmed on Saturday it received an offer of €33 per share from Uber, valuing the company at over €10 billion. The German firm stated it remains focused on its strategic review process. According to the FT, Uber's board met on Saturday to discuss a higher bid after a €38 per share offer was reportedly rejected by a major Delivery Hero shareholder. Uber recently increased its stake in Delivery Hero to about 19.5%, becoming its largest shareholder. Uber shares fell 2.4% on Friday following the news. If successful, the deal would mark further consolidation in the food delivery sector, following DoorDash's acquisition of Deliveroo and Prosus's purchase of Just Eat last year.
US Top News and AnalysisDelivery Hero Shares Surge 10% on Report Uber Considering Improved Takeover Bid
Shares in German food delivery firm Delivery Hero rose over 10% on Monday after a Financial Times report that U.S. rival Uber is weighing an improved takeover bid. Delivery Hero confirmed it received an offer of €33 per share from Uber, valuing the company at over €10 billion, but the offer was reportedly rejected by a major shareholder. Uber's board convened on Saturday to discuss a higher bid, following Uber's recent increase of its stake in Delivery Hero to about 19.5%, making it the largest shareholder. Uber's own shares fell 2.4% on Friday. If successful, the deal would mark further consolidation in the food delivery sector, following DoorDash's acquisition of Deliveroo and Prosus's purchase of Just Eat last year.
US Top News and AnalysisDelivery Hero Shares Surge 10% on Report Uber Weighs Improved Takeover Bid
Shares in German food delivery company Delivery Hero rose over 10% on Monday following a Financial Times report that U.S. rival Uber is considering an improved takeover bid. Delivery Hero confirmed on Saturday it received an offer of €33 per share from Uber, valuing the company at over €10 billion. The German firm stated it remains focused on its strategic review process. According to the FT, Uber's board met on Saturday to discuss a higher bid after a €38 per share offer was reportedly rejected by a major Delivery Hero shareholder. Uber recently increased its stake in Delivery Hero to about 19.5%, becoming its largest shareholder. Uber shares fell 2.4% on Friday. If successful, the deal would mark further consolidation in the food delivery sector, following DoorDash's acquisition of Deliveroo and Prosus's purchase of Just Eat last year.
US Top News and AnalysisUber Proposes Takeover of Delivery Hero for About 10 Billion Euros
Uber Technologies Inc has proposed a takeover of German food delivery company Delivery Hero SE, valuing it at approximately 10 billion euros ($11.6 billion). Uber offered 33 euros per share, but some investors rebuffed the bid, hoping for more than 40 euros per share, according to the Financial Times. Uber already owns 20% of Delivery Hero and has options for another 5.6% of shares. The deal would intensify competition with DoorDash Inc outside the US. Delivery Hero has been conducting a strategic review of its assets amid shareholder pressure and global consolidation in the food delivery industry. DoorDash has expressed interest in Delivery Hero's Middle East business, Talabat, but has not yet made an offer. Major shareholders include Prosus (nearly 17%) and activist investor Aspex Management (over 14%). Uber is working with advisers, including Morgan Stanley, to explore increasing its stake further, though antitrust approvals may be needed.
Taipei TimesUber Bids to Acquire Delivery Hero; German Court Halts LNG Plans
Uber has made a takeover offer for German food delivery giant Delivery Hero at €33 per share, a slight discount to the recent closing price, though the offer may be increased after a major shareholder rejected a higher €38 bid. Delivery Hero confirmed the approach, with Uber already holding 19.5% of shares and additional options. Separately, a German court temporarily halted LNG terminal development plans in Wilhelmshaven due to insufficient environmental compensation measures in a protected bird sanctuary. In other news, the EU medicines authority recommended approval of Novo Nordisk's weight loss pill, and IG Metall's leader issued threats to CDU leader Friedrich Merz over labor policy. The article is a live business ticker from FAZ covering these developments.
Aktuell - FAZ.NETUber Weighs Higher Bid for Delivery Hero After €38-Per-Share Offer Rejected
Uber is considering a higher bid for German food delivery group Delivery Hero after its initial €38-per-share offer, valuing the company at over €11.5 billion, was rejected by a major shareholder. The San Francisco-based ride-hailing and delivery giant approached a key investor in Delivery Hero, but the bid was rebuffed, prompting Uber's board to meet on Saturday to discuss a potential increased offer. The move signals Uber's aggressive expansion strategy in the European food delivery market, where Delivery Hero operates a significant presence. The Financial Times reported the story, citing sources familiar with the matter. The outcome of Uber's revised bid could reshape the competitive landscape in the online food ordering sector.
TechmemeUber Technologies Raises Stake in Delivery Hero SE to 19.5%, Reports Bloomberg
On May 18, 2026, Bloomberg reported that Uber Technologies (NYSE: UBER) increased its stake in German food-delivery company Delivery Hero SE to 19.5% through the acquisition of additional shares and instruments, with an additional 5.6% in options. Delivery Hero confirmed it received a takeover offer from Uber valuing the company at 33 euros ($38.29) per share. The move is part of Uber's strategy to strengthen its international presence, particularly in markets where it lags behind rival DoorDash's Wolt unit. DoorDash has also been expanding, including acquiring UK delivery service Deliveroo. Uber's stake increase and takeover offer signal intensifying competition in the global food-delivery market.
Yahoo FinanceUber Technologies Raises Stake in Delivery Hero SE to 19.5%, Reports Bloomberg
On May 18, 2026, Bloomberg reported that Uber Technologies (NYSE: UBER) has increased its stake in German food-delivery company Delivery Hero SE. Following the acquisition of additional shares and instruments, Uber now owns 19.5% of Delivery Hero, with an additional 5.6% in options. Delivery Hero confirmed it received a takeover offer from Uber valuing the company at 33 euros ($38.29) per share. This move is part of Uber's strategy to strengthen its international presence, particularly in markets where it lags behind rival DoorDash's Wolt unit. DoorDash has also been expanding, including acquiring UK delivery service Deliveroo. Uber's increased stake and potential takeover reflect ongoing consolidation in the global food-delivery industry.
Yahoo FinanceUber Expresses Interest in Full Takeover of Berlin-Based Delivery Hero
Ride-hailing giant Uber has expressed interest in a full takeover of Berlin-based food delivery service Delivery Hero, the company confirmed on Saturday. Uber already holds 19.5% of Delivery Hero's issued capital and an additional 5.6% in options, having recently increased its stake from just over 7% to nearly 18%. Uber approached the company with an offer of 33 euros per share (approximately $38.30), which is below the recent trading price. Delivery Hero's share price surged nearly 70% over the past two weeks to 33.59 euros, valuing the company at over 10 billion euros ($11.6 billion). Although Delivery Hero sold its German operations to Just Eat Takeaway, it remains a global player with strong presence in Asia, southern Europe, the Arabian Peninsula, and Africa. The acquisition would mark Uber's further expansion in the European market. Dutch investment firm Prosus also agreed to reduce its stake in Delivery Hero as part of its purchase of rival Just Eat Takeaway.
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