Uber and one of its affiliates have entered into a business combination agreement to acquire Delivery Hero, thereby extending the mobility and delivery platform to 99 countries.
Under the terms of the voluntary takeover offer, Uber will offer Delivery Hero shareholders €41.50 per share in cash (implying a fully diluted equity value of €13.0 billion).
Berlin-headquartered Delivery Hero currently operates in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa. It began as a food delivery service in 2011 and today runs its own delivery platform on four continents.
Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to deliver groceries and household goods to customers in under 1 hour, often within 20 to 30 minutes.
“Delivery Hero’s talented team has built an extraordinary business, with beloved local brands and strong positions across some of the world’s fastest-growing delivery markets,” said Dara Khosrowshahi, CEO of Uber.
