Delivery Hero's board has approved Uber's $15 billion offer to acquire the food delivery company, the companies announced today. The deal, which values Delivery Hero at a premium, aims to combine Uber's global ride-hailing and delivery services with Delivery Hero's extensive international footprint. The agreement comes after months of negotiations and marks a major consolidation in the food delivery sector, according to techcrunch.com.
The acquisition process began earlier this year when Uber approached Delivery Hero with a proposal to merge their delivery operations. After due diligence and board discussions, Delivery Hero's directors unanimously recommended shareholders accept the offer. Uber plans to finance the transaction through a mix of cash and stock, with the deal expected to close by early 2027, subject to regulatory approvals and customary closing conditions, techcrunch.com reported.
This acquisition represents one of the largest deals in the food delivery market, following recent sector consolidation trends. Combining Uber's technology and Delivery Hero's market presence across Europe, Asia, and Latin America could create a more competitive global player against rivals like DoorDash and Just Eat Takeaway. The deal underscores the intensifying competition and scale-driven dynamics in the food delivery industry, which has seen rapid growth accelerated by changing consumer habits during the pandemic, techcrunch.com noted.
Uber and Delivery Hero will hold a joint investor call on September 15 to discuss the transaction details and integration plans. The companies expect to finalize the acquisition by the first quarter of 2027, pending shareholder approval and regulatory clearance, according to techcrunch.com.