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Uber nears €12.5bn deal to acquire Delivery Hero, FT reports
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Uber is close to acquiring German food delivery company Delivery Hero in a deal valued at approximately €12.5 billion ($14.34 billion), according to the Financial Times. Delivery Hero confirmed it is in advanced negotiations with Uber. The deal would expand Uber Eats' network across Europe, the Middle East, Asia, and Latin America but may face antitrust scrutiny due to operational overlaps. To mitigate regulatory concerns, Delivery Hero plans to sell its Turkish unit Yemeksepeti and several European operations to an investment firm. The deal could be announced as early as Thursday, with Uber offering roughly €41 per share. Terms remain subject to change. Uber had previously approached Delivery Hero in May with a €38 per share offer that was deemed too low by investors.
Source report
Reuters Wed, July 15, 2026 at 11:49 AM PDT 1 min read
- DHER.DE +0.05%
- UBER +1.89%
July 15 (Reuters) — Uber is set to take over Delivery Hero in a deal valuing the German food delivery company at approximately €12.5 billion ($14.34 billion), the Financial Times reported on Wednesday.
Delivery Hero confirmed on Tuesday that it was in advanced negotiations with Uber regarding a potential takeover offer.
Key Details of the Potential Deal
- Expansion of Uber Eats: Acquiring Delivery Hero, which has a market value of roughly €11.6 billion, would expand the Uber Eats food-delivery network across Europe, the Middle East, Asia, and Latin America. However, the deal could face scrutiny from antitrust regulators due to operational overlaps between the two companies.
- Timing and Price: Delivery Hero could announce the deal as early as Thursday, with Uber paying approximately €41 per share, according to the Financial Times, citing multiple sources familiar with the matter.
- Uncertainty Remains: The terms and timing have not been finalized and could still change.
- Divestiture Plan: Under the proposed deal, Delivery Hero will split off part of its business, selling its Turkish unit Yemeksepeti and several European operations to an investment firm. This move is intended to limit geographic overlap with Uber and reduce potential antitrust concerns, the report said.
- No Comment from Companies: Both Delivery Hero and Uber did not immediately respond to a Reuters request for comment.
- Background: The discussions follow months of speculation over Delivery Hero's future. Uber approached the company in May with a €38 per share offer that investors viewed as too low, according to media reports.
($1 = 0.8715 euros)
Reporting by Juby Babu in Mexico City; Editing by Tasim Zahid
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Uber in Advanced Talks to Acquire German Food Delivery Giant Delivery Hero