Uber Technologies, the ride-hailing giant, is in advanced negotiations to acquire German food delivery company Delivery Hero, according to sources familiar with the matter, as reported by Bloomberg.

Uber aims to reach an agreement with Delivery Hero as soon as possible, possibly this week. The deal is likely to value the German group well above its last trading price of 36 euros per share, according to some sources.

Delivery Hero shares have risen about 62% this year, lifting the company's market capitalization to 11.2 billion euros ($12.8 billion).

Uber already holds a 24.99% stake in Delivery Hero, plus financial derivatives that bring its total stake to about 36.8%.

Tue, 16 2026

Uber previously made an offer to Delivery Hero at 33 euros per share, but investors bet that completing the deal will require a higher price.

Prosus NV, listed on the Amsterdam stock exchange and specializing in internet investments, also holds a significant stake in Delivery Hero.

Any deal is likely to face antitrust scrutiny globally.

Delivery Hero operates in over 60 markets, and the two companies' businesses overlap with Uber in parts of Europe and the Middle East.

Sun, 05 2021

Discussions are ongoing, and the deal could be delayed or fail, according to sources who requested anonymity due to the confidential nature of the information.

Delivery Hero is conducting a strategic review after pressure from shareholders, including hedge fund Aspis Management, which succeeded in ousting founder Niklas Östberg, who sought to sell more assets.

This comes amid consolidation in the global food delivery sector, driven by slowing growth and intensifying competition. Several competitors of Delivery Hero in Europe have been targeted.

DoorDash agreed to buy British company Deliveroo last year, while Prosus acquired Just Eat Takeaway.

Other parties are considering acquiring Delivery Hero or some of its assets.

Thu, 28 2026

Both DoorDash and Saudi quick-delivery startup Nana separately expressed interest in part or all of Delivery Hero's Middle East business, according to sources familiar with the matter.

Food delivery companies boomed during the COVID-19 lockdowns, leading to rapid expansion and huge investments, but growth slowed sharply when restaurants and grocery stores reopened.

Increasing regulatory scrutiny of so-called gig economy workers, who are treated as independent contractors without the same rights and protections as full-time employees, has driven up labor costs.