Uber Technologies has agreed to acquire Germany-based food delivery company Delivery Hero in a transaction valued at approximately US$14.8 billion, significantly expanding its global mobility and delivery network while strengthening its presence across the Middle East.
The proposed acquisition will bring Delivery Hero’s regional businesses—including Dubai-headquartered Talabat, Saudi Arabia’s HungerStation, and Glovo’s operations in Morocco and Tunisia—under Uber’s global platform.
Under the agreement, Uber will offer shareholders cash consideration equivalent to US$47.60 per share, valuing Delivery Hero at approximately US$14.8 billion.
Expanding Uber’s Global Delivery Network
The acquisition covers the majority of Delivery Hero’s operations across approximately 50 markets spanning Europe, the Middle East, Asia, Latin America, and Africa.
Separately, Delivery Hero has agreed to sell its businesses in 14 markets to New York-based investment firm SSW Partners for approximately US$1.6 billion. Those operations, primarily located in markets where Uber and Delivery Hero overlap, are excluded from the transaction.
Following completion of both transactions, Uber expects to operate both mobility and delivery services in 58 markets, up from its current 34, while expanding its overall presence to 99 markets worldwide.
According to the companies, the combined businesses generated pro forma gross bookings of approximately US$236 billion in 2025.
Leadership Highlights Strategic Fit
Uber CEO Dara Khosrowshahi described the acquisition as a significant step in expanding the company’s delivery platform into some of the world’s fastest-growing markets.
“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,” Khosrowshahi said.
“By bringing our platforms together, we will extend affordable, reliable delivery to many millions more people in many of the world’s most dynamic economies, while creating more opportunities for merchants and couriers. Together, we’ll nearly double the number of markets where we offer both mobility and delivery services.”
Delivery Hero CEO Niklas Östberg said the combination would accelerate the company’s long-term strategy.
“Uber’s global mobility and delivery platform and our shared commitment to innovation make this the right partnership to build on Delivery Hero’s strengths in local food delivery and Quick Commerce, and to take our Everyday App strategy further for our customers,” Östberg said.
Deal Structure and Timeline
Uber said the acquisition will be financed through existing cash reserves together with new debt financing and is expected to be accretive to earnings upon completion.
The company currently owns approximately 24.8% of Delivery Hero. Technology investor Prosus has agreed to tender its shares, increasing Uber’s total economic interest to approximately 53% upon completion of the offer.
The acquisition remains subject to shareholder participation, regulatory approvals, and customary closing conditions. The companies expect the transaction to close during the second half of 2027.
Why It Matters
The proposed acquisition would reshape the global food delivery landscape while significantly strengthening Uber’s position across the Middle East. By adding established regional brands such as Talabat and HungerStation, Uber would deepen its presence in high-growth markets and expand its integrated mobility and delivery ecosystem, reinforcing consolidation trends across the global on-demand economy.
