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 who spoke to 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 recent trading price of €36 per share, according to some sources.

Delivery Hero shares have risen about 62% this year, boosting the company's market value to €11.2 billion ($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 for Delivery Hero at €33 per share, but investors are betting that completing the deal will require a higher price.

Prosus NV, a Dutch-listed internet investment company, also holds a significant stake in Delivery Hero.

Any deal is likely to face antitrust scrutiny globally.

Delivery Hero operates in more than 60 markets, and its business overlaps with Uber in parts of Europe and the Middle East.

Sun, 05 2021

Discussions are ongoing, and the deal could be delayed or fall through, according to sources who requested anonymity because the information is private.

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

This comes amid global consolidation in the food delivery sector, driven by slowing growth and intensifying competition. Several rival companies 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 Ninja have separately expressed interest in part or all of Delivery Hero’s Middle East business, according to people familiar with the matter.

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

Increased 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 raised labor costs.