Uber has launched a €13.0 billion voluntary cash takeover offer for Delivery Hero.
The transaction, as reported by FWDstart, is expected to transfer control of major Middle Eastern platforms Talabat and HungerStation to the US mobility giant.
Delivery Hero’s management and supervisory boards support the €41.50 per share offer. Uber has secured enough commitments to clear the deal’s minimum acceptance threshold of 50% plus one share.
Technology investor Prosus has irrevocably committed to tender its 16.68% holding. Together with Uber’s existing holdings and equity derivatives, the commitment gives Uber economic exposure of more than 53%.
For the MENA, the acquisition would consolidate major consumer platforms under a single entity.
Talabat and Saudi Arabia’s HungerStation are expected to become part of Uber’s portfolio.
The deal also covers Delivery Hero’s Glovo businesses in Morocco, Tunisia, and Côte d’Ivoire.
This outcome resolves months of speculation over the regional assets following previous exploratory talks by competitor DoorDash.
Divestments and global footprint
Uber will not retain the entire Delivery Hero portfolio. New York investment firm SSW Partners will acquire Delivery Hero’s businesses in 14 European markets where Uber Eats already operates for approximately €1.4 billion.
The divested European businesses will continue running on Delivery Hero’s logistics infrastructure while SSW Partners seeks long-term owners. Uber will retain operations in 50 markets, including foodpanda across Asia and PedidosYa in Latin America.
Regulatory review and financials
The combined group will operate across 99 markets with combined 2025 pro-forma gross bookings of $236 billion. The acquisition faces merger control and regulatory reviews before its expected closing in the second half of 2027.
Gulf regulators will assess Uber’s existing operations, its minority stake in Careem, and Talabat during the regulatory review process.
Uber plans to fund the offer using cash and a €14 billion committed bridge facility. The company has pledged not to enter a domination agreement for three years.
“By bringing our platforms together, we will extend affordable, reliable delivery to many millions more people in many of the world’s most dynamic economies,”
said Dara Khosrowshahi, CEO of Uber.
“This acquisition and Uber’s planned investment in Germany demonstrate the attractiveness of the European tech ecosystem,”
said Niklas Östberg, Co-founder and CEO of Delivery Hero.
He called the deal “this great next chapter” for a company built over 15 years.
Featured image credit: Edited by Fintech News UAE, based on image by digitizesc via Magnific
