Uber isn’t just ordering food anymore. It’s ordering entire companies.
The ride-hailing and delivery giant is actively contacting parties interested in acquiring Delivery Hero’s regional businesses, a move that signals the next phase of what’s shaping up to be one of the largest food delivery consolidation plays in years. Uber has already built a 36.83% stake in the Berlin-based delivery company, and on May 23 submitted an indicative takeover proposal valued at roughly €10 billion, or approximately $11.6 billion.
The offer price: €33 per share. Some investors think that’s not nearly enough.
How Uber quietly built its position
Back in April 2026, Uber picked up a 4.5% stake from Prosus at €20 per share. That purchase wasn’t Prosus choosing to exit voluntarily. It was mandated by divestment obligations tied to Prosus’s Just Eat Takeaway transaction.
