Uber is looking to swallow one of Europe’s biggest food delivery companies whole. Delivery Hero confirmed on Monday that it is actively negotiating a potential acquisition by Uber Technologies, a deal that would represent one of the largest consolidation plays the food delivery industry has ever seen.
The talks are described as advanced, with Uber reportedly aiming to finalize an agreement as early as this week. The transaction would involve an offer extended to all Delivery Hero shareholders, not just a partial buyout.
The numbers behind the deal
Back in May 2026, Uber floated an indicative proposal that valued Delivery Hero at roughly €33 per share, which translated to a total market valuation of approximately €10 billion.
But Delivery Hero’s stock has since been trading near €36 per share, suggesting the market expects Uber will have to pay more than its original offer indicated.
