On July 16, 2026, Uber Technologies announced a voluntary takeover offer for Delivery Hero SE, valuing the transaction at approximately $14.8 billion in equity, or €41.50 per share in cash. This is Uber’s largest acquisition to date, full stop.
What Uber is actually buying
Delivery Hero is a Berlin-based food delivery conglomerate operating across dozens of markets, with a particular footprint in the Middle East, Asia, and parts of Europe. It runs brands including Talabat and Foodpanda in regions where Uber Eats has limited or no presence.
Delivery Hero’s adjusted EBITDA for full-year 2025 came in at €903 million, with 2026 guidance projecting €910 to €960 million.
Uber already owned approximately 24.77% of Delivery Hero before announcing the deal. Prosus, a Dutch tech investment firm, has committed to tender its roughly 17% stake, which would push Uber’s total economic interest to around 53% following completion. Earlier approaches in May 2026 were reportedly valued between €10 and €11 billion, meaning the final offer represents a meaningful premium over those initial figures.
