Uber is on the verge of its largest acquisition ever, closing in on a €12.5 billion deal to buy Berlin-based Delivery Hero. That’s roughly $11.6 billion for a company that would dramatically expand Uber Eats’ global footprint.
Delivery Hero confirmed on July 14 that it’s in advanced negotiations with Uber, pushing its stock price up between 6% and 10%. For a company that Uber first approached just two months ago with a lower €10 billion valuation, the price tag has climbed fast.
What Uber is actually buying
Delivery Hero operates roughly 800 quick-commerce outlets called “Dmarts” across multiple continents, spanning Europe, the Middle East, Asia, and Latin America. Dmarts are warehouses built specifically to fulfill rapid delivery orders.
Uber has been quietly positioning itself for this move. The ride-hailing giant has steadily accumulated a 19.5% stake in Delivery Hero, including shares purchased from Prosus, the Amsterdam-listed tech investment firm.
