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Uber to Buy Delivery Hero for €12.7 Billion

The deal will test competition watchdogs across markets as it accelerates consolidation in the global meal‑delivery sector.

Overview

  • Delivery Hero accepted Uber’s €12.7 billion takeover offer on Thursday, valuing the company at €41.50 a share, roughly a 34% premium to its three‑month average.
  • Uber already held about a 36% indirect stake in Delivery Hero and the new offer would give it majority control of the Berlin‑based group.
  • Delivery Hero will sell operations in 14 countries in Europe and South America to SSW Partners for €1.4 billion to help reduce debt ahead of or alongside the takeover.
  • Uber has pledged that Delivery Hero will remain operationally independent, promised protections for employees for three years, and committed €2 billion of investment in Germany through 2031.
  • The transaction now enters a regulatory review that must clear competition authorities before an expected close in the second half of 2027 and has already prompted a modest market reaction with shares slipping about 1%.