Overview
- Mid-July Uber formally offered €41.50 per Delivery Hero share, valuing the equity at roughly $13.7 billion after prior stake purchases and winning the backing of both companies’ boards.
- The deal would add 24 delivery markets where Uber already runs mobility services, a geographic fit the company says will ease integration and advance its push to combine rides, food and grocery in one app.
- To reduce antitrust scrutiny Delivery Hero will sell operations in overlapping markets to SSW Partners for about €1.4–1.6 billion, with regulators in the EU and other jurisdictions expected to conduct detailed reviews.
- Wall Street has stayed bullish, with multiple firms keeping Buy/Outperform ratings and targets ranging roughly from $100 to $125 on Uber, and analysts highlighting an ~8x 2027 EBITDA purchase multiple as favorable if synergies are realized.
- Key uncertainties are regulatory clearance and local integration of brands, couriers and managers, with the companies aiming to close the transaction in the second half of 2027 if approvals are obtained.