Key facts
- Uber is reportedly close to acquiring Delivery Hero for approximately $14.34 billion.
- Delivery Hero confirmed it is in advanced negotiations with Uber.
- The deal could be announced as early as Thursday.
- Uber is expected to pay roughly $41 per share.
- Delivery Hero will sell its Turkish unit, Yemeksepeti, and several European operations to an investment firm as part of the deal.
Uber is reportedly nearing a deal to acquire German food delivery company Delivery Hero for approximately €12.5 billion ($14.34 billion), according to the Financial Times. Delivery Hero confirmed on Tuesday that it was in advanced negotiations with Uber regarding a potential takeover offer.
The potential acquisition would significantly expand Uber Eats' presence across Europe, the Middle East, Asia, and Latin America. However, the deal is expected to face scrutiny from antitrust regulators due to operational overlap between the two companies.
Sources familiar with the matter suggest that Delivery Hero could announce the deal as early as Thursday, with Uber proposing to pay around €41 per share. The terms and timing are not yet finalized and could change.
To mitigate antitrust concerns and geographic overlap, Delivery Hero plans to split off its Turkish unit, Yemeksepeti, and several European operations, selling them to an investment firm as part of the proposed transaction.
This development follows months of speculation about Delivery Hero's future. Media reports indicated that Uber had approached the company in May with an offer of €38 per share, which investors considered too low.