Uber advances takeover talks for Delivery Hero

Uber Technologies is in advanced negotiations to acquire Germany‑based food‑delivery group Delivery Hero. Uber already holds a direct stake of about 25% in Delivery Hero, rising to roughly 37% when including derivatives. The talks aim to reach a deal this week and would likely value Delivery Hero well above its recent share price of around €36, with estimates ranging from €12 billion to €13 billion. Following the news, Delivery Hero’s shares jumped 5‑7% to about €39, giving the company a market capitalisation of roughly €11‑12 billion.

Delivery Hero confirmed it is in “advanced negotiations” with Uber and declined to comment on the possible offer price. Uber also declined to comment. The transaction would broaden Uber Eats’ footprint across Europe, the Middle East, Asia and Latin America, intensifying competition with rivals such as DoorDash. Because the two firms overlap in many markets, the deal is expected to attract scrutiny from antitrust regulators worldwide. The potential acquisition reflects a broader consolidation trend in the food‑delivery sector as growth slows and companies seek scale and profitability.