Overview
- Delivery Hero’s Management and Supervisory Boards published a joint reasoned statement on Wednesday recommending shareholders accept Uber’s voluntary offer of €41.50 per share and called the price fair.
- The offer values Delivery Hero at roughly €13 billion and has been open for tender since August 27, 2026 with the acceptance period expected to close on November 5, 2026.
- Uber holds irrevocable undertakings and existing stakes that push its economic interest above 53%, but the transaction still requires a formal minimum acceptance of 50% plus one share and multiple merger‑control approvals.
- To reduce competition concerns, the parties announced the planned sale of Delivery Hero operations in 14 overlapping markets to SSW Partners for about €1.4 billion as a regulatory remedy.
- Completion is projected in the second half of 2027, leaving employees, merchants and customers in a prolonged period of regulatory and execution uncertainty even as the companies highlight potential product and scale synergies.