Uber acquires Delivery Hero for $14.8B; CEO says deal will double mobility and delivery markets

By Badar Shaikh Sat, July 18, 2026 at 11:01 AM PDT | 5 min read

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Ride-hailing giant Uber Technologies Inc. has reached an agreement to acquire German food delivery platform Delivery Hero SE in a deal valued at $14.8 billion.

Uber to Pay Over $47 Per Share

On Thursday, the company released an official statement confirming it will pay €41.5 per share ($47.61) as part of the agreement.

The deal will see Delivery Hero selling its Turkish food delivery platform Yemeksepeti, as well as foodora in markets including Austria, to SSW Partners, a New York-based investment firm. Other businesses are also being sold to the same firm.

"SSW will acquire Delivery Hero's businesses in a total of 14 markets, particularly where Uber Eats and Delivery Hero already overlap," the statement said, in a deal worth approximately $1.6 billion.

"Uber will not acquire control over the businesses transferred to SSW, and SSW will independently lead the process to find strategic partners," the company said.

Dara Khosrowshahi Weighs In

"Delivery Hero's talented team has built an extraordinary business, with beloved local brands and leading positions across many of the world's fastest-growing delivery markets," said Dara Khosrowshahi, CEO of Uber.

He added that the deal would allow Uber to "double the number of markets" where the company offers both "mobility and delivery services."

Nicklas Ortberg, CEO of Delivery Hero, said the company was "excited" about the opportunity.

Uber also stated it will make no changes to the food delivery platform's workforce at its Germany headquarters until 2029 and has committed approximately $2.3 billion in investment into Germany over the next five years.

Background

Uber had acquired an additional stake in Delivery Hero earlier this year, while Delivery Hero confirmed in May that it had received a full takeover offer from the ride-hailing giant.

Uber had previously paused plans to roll out operations in five European markets where Delivery Hero was also present, in an effort to curb antitrust scrutiny. However, the companies continue to overlap in markets including Poland, Portugal, Spain, and Sweden, according to a Financial Times report on Wednesday.

Photo courtesy: DenPhotos / Shutterstock.com

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