Uber is on the verge of acquiring Delivery Hero SE for approximately €12.5 billion, a deal that would dramatically redraw the map of global food delivery and mark one of the largest transactions the industry has ever seen.
Delivery Hero confirmed on July 14 that it is in “advanced negotiations” with Uber over the takeover, valued at roughly €33 per share. An agreement could come together imminently, and Delivery Hero’s stock surged on the news.
From minority stake to full ownership
Uber already owns about 19.5% of Delivery Hero and holds options for an additional 5.6% stake. Earlier this year, Uber picked up a 4.5% block from Prosus, the investment arm of South African media giant Naspers.
The groundwork was laid publicly back in May 2026, when Delivery Hero disclosed an indicative, non-binding proposal valuing the company between €10 billion and €11.6 billion at €33 per share. The current €12.5 billion headline figure sits above that initial range.
