Delivery Hero SE confirmed on July 14 that it is deep in negotiations with Uber Technologies over a potential takeover, putting a price tag of roughly $11.6B on one of the largest food delivery consolidation plays in years.
The Berlin-based company said any offer would be extended to all shareholders, though it declined to get into specifics on pricing. Analysts tracking the deal peg the indicative bid at approximately €33 per share. Delivery Hero’s stock responded the way you’d expect, jumping roughly 6-10% on the news.
How the deal came together
This didn’t happen overnight. Uber first approached Delivery Hero back in May 2026 with a valuation of around €10B. In April 2026, Uber picked up a 4.5% stake in Delivery Hero from Prosus, the Dutch tech investment giant.
Bloomberg first reported that the two sides were in preliminary discussions, with an agreement potentially coming as soon as this week. Delivery Hero’s confirmation essentially upgraded those reports from “rumor” to “yeah, we’re doing this.”
