Uber’s $14.8 Billion Delivery Hero Takeover to Reshape Delivery Markets Across MENA
SAN FRANCISCO — Uber has agreed to launch a $14.8 billion takeover offer for Delivery Hero, in a landmark transaction that would significantly expand the US company’s global delivery operations and bring major Middle Eastern platforms including talabat and HungerStation into its portfolio.
The proposed deal, announced on July 16 and first reported by TechCrunch, would extend Uber’s mobility and delivery network to 99 markets across Europe, the Middle East, Africa, Asia and Latin America. It remains subject to shareholder acceptance and regulatory approvals, with completion expected in the second half of 2027.
Under the terms of the voluntary takeover offer, Uber will pay Delivery Hero shareholders €41.50 per share in cash, valuing the Berlin-based delivery company’s entire equity at $14.8 billion. The adjusted value falls to $13.7 billion after accounting for Delivery Hero shares previously acquired by Uber.
The acquisition would give Uber control of Delivery Hero operations across 50 markets that generated around $42 billion in gross bookings during 2025.
These businesses include talabat in Egypt, the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman, Jordan and Iraq, as well as Saudi Arabia’s HungerStation.
Other brands covered by the takeover include Glovo across several markets in Europe, Africa and Central Asia, foodpanda in parts of Asia, PedidosYa in Latin America and Baedal Minjok in South Korea.
The transaction would nearly double the number of countries where Uber operates both mobility and delivery services, increasing the total from 34 to 58 markets.
Uber said combining the two businesses would allow it to serve more consumers through a single platform while creating additional opportunities for restaurants, retailers, drivers and delivery couriers.
Uber Chief Executive Dara Khosrowshahi said Delivery Hero had established strong local brands in some of the world’s fastest-growing delivery markets, adding that the combination would enable the companies to extend reliable and affordable delivery services to millions of additional customers.
Delivery Hero Chief Executive Niklas Östberg described the agreement as an opportunity to build on the company’s strengths in food delivery and quick commerce while advancing its strategy of becoming an everyday consumer platform.
As part of a separate agreement linked to the takeover, Delivery Hero will sell businesses in 14 markets to New York-based investment firm SSW Partners for approximately $1.6 billion.
The divested operations are concentrated mainly in countries where Uber Eats and Delivery Hero already have overlapping businesses. They include Delivery Hero brands operating in Austria, Sweden, Norway, Greece, Cyprus, Poland, Portugal, Romania, Spain, Türkiye, Chile and Ecuador.
The arrangement is likely to help address some competition concerns, although the scale of the transaction is still expected to attract close scrutiny from regulators in several jurisdictions.
Uber already directly owns around 24.8% of Delivery Hero’s voting shares and holds additional economic exposure through equity derivatives. Prosus, another major shareholder, has committed to tender its approximately 17% stake, which would take Uber’s total economic interest to about 53%.
The offer requires acceptance representing at least 50% plus one share of Delivery Hero’s outstanding capital, including shares already owned by Uber.
Uber plans to finance the acquisition through existing cash and new debt, supported by a committed bridge facility of approximately €14 billion.
The company expects the transaction to increase adjusted earnings per share immediately after completion and deliver a high-single-digit percentage uplift by the third year.
Uber has also pledged to retain Delivery Hero’s Berlin headquarters and make no changes to its workforce in the German capital until at least 2029. It plans to invest €2 billion in Germany over five years, including spending on autonomous vehicle projects and partnerships with the country’s automotive industry.
If completed, the takeover would strengthen Uber’s position against global delivery competitors such as DoorDash and Just Eat, while giving the company an immediate presence in several markets where Delivery Hero’s regional brands already hold leading positions.