Uber To Buy Delivery Hero in $14.8 Billion Deal
The purchase broadens Uber Eats’ footprint to about 50 countries, prompting a complex regulatory review that will shape the merged group’s future.
Overview
- Uber announced on July 16 that it agreed to acquire Germany’s Delivery Hero for about $14.8 billion to expand its global delivery business.
- The deal includes a separate sale of Delivery Hero operations in 14 markets to SSW Partners for roughly $1.6 billion to ease antitrust concerns.
- Delivery Hero’s executive and supervisory boards backed the transaction and it requires acceptance by at least 50% plus one of other shareholders before it can close.
- Uber pledged to invest €2 billion in Germany through 2031, keep Delivery Hero’s Berlin headquarters and preserve its workforce at least until 2029 as part of the agreement.
- Regulators will conduct a detailed review of the combined platform, which would operate in 99 countries with about $236 billion in combined 2025 transaction volume, and the companies expect closing in the second half of next year.