Uber has finalized an agreement to acquire German takeaway firm Delivery Hero in a deal valued at $14.8 billion, according to reports.
The strategic move aims to create a massive global food delivery powerhouse.
The US technology firm offered €41.50 per share to Delivery Hero shareholders.
After accounting for previous share purchases, Uber will pay $13.7 billion to finalize the transaction.
The acquisition integrates Uber Eats with Delivery Hero brands across 99 countries. Major platforms include Asia's foodpanda, Latin America's PedidosYa, and talabat in the Middle East.
The combined business recorded $236 billion in orders during 2025. This scale highlights the rapid expansion of the digital delivery sector.
To ease antitrust concerns, Uber will not acquire Delivery Hero operations in 14 countries where it already has a strong presence.
These include Glovo in Spain and Portugal, foodora in Norway and Sweden, and Yemeksepeti in Turkey.
These European operations will instead be acquired for $1.6 billion by SSW Partners, a New York-based private equity firm.
This move prevents market domination by Uber.
Industry Consolidation and Scale Dependencies
Delivery Hero does not operate in the UK, where Uber Eats remains a major player.
The takeover reflects a broader trend of consolidation as companies seek larger operational scales.
Other recent mergers include DoorDash acquiring Britain's Deliveroo for £2.9 billion last year. Prosus also bought JustEat Takeaway for €4 billion.
The board and executives of Delivery Hero have unanimously backed the takeover. Prosus has committed to selling its 17% stake in Delivery Hero to Uber.
Kristin Skogen Lund, chair of the Delivery Hero supervisory board, stated that joining forces with a strong partner is the right move to secure future competitiveness.
Germany Investment and Future Outlook
Uber pledged to maintain Delivery Hero's headquarters in Berlin.
The company committed to no workforce changes until at least 2029 and plans to invest €2 billion in Germany over five years.
The deal is expected to close in the second half of 2027.
After completion, Uber will offer taxi services and food delivery in 58 markets, up from its current 34.
Dara Khosrowshahi, Uber's chief executive, said the move will nearly double the number of markets where both mobility and delivery services are offered.
He noted it will create significant long-term value for customers and shareholders.
Delivery Hero founder Niklas Östberg started his first delivery firm in 2008 before establishing Delivery Hero in 2011.
Under pressure from activist investors, he agreed to leave the company in May.
