[REVISION HISTORY]

Global food delivery growth and Delivery Hero takeover

Updated 10 times since CLSTR started tracking revisions of this situation.

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2026-09-16 03:44 UTC → 2026-09-22 06:46 UTC · added ~~removed~~

The food delivery sector continues to show resilience, with US platforms like DoorDash and Uber Eats expanding into grocery and SNAP assistance services. In Europe, Delivery Hero is navigating a significant transition amid an ongoing takeover bid by Uber. Following strong second-quarter results, Delivery Hero reported a 17.7 percent rise in revenue to 4.0 billion euros and an 11.3 percent increase in Gross Merchandise Value (GMV) to 13.2 billion euros. Consequently, the company has raised its full-year EBITDA forecast to up to 1 billion euros. Regarding the acquisition, the management and supervisory boards of Delivery Hero have officially endorsed Uber’s takeover bid, valued at approximately €12.77 billion ($14.8 billion). Uber has offered €41.50 per share in cash. As the transaction progresses, major shareholder Prosus has expressed readiness to sell its 17 percent stake to Uber, which already holds an economic interest of over 53 percent. To facilitate the merger, Delivery Hero has agreed to divest operations in 14 markets to SSW Partners LP for approximately 1.4 billion euros, a deal expected to close in the second half of 2027. ~~In recent financial developments, Uber~~ Regulatory scrutiny has ~~entered the eurobond market with~~ now commenced in South Korea. The Korea Fair Trade Commission (KFTC) has launched a ~~five-part debt offering,~~ preliminary review of the proposed business combination. The KFTC classifies this as a ~~move Fitch Ratings noted provides greater geographic diversification~~ “mixed combination” because it merges Uber’s taxi-hailing platform business with Delivery Hero’s food delivery platform business. The regulator will examine how the merger affects the competitive structure of domestic taxi-hailing and ~~scale following~~ delivery app markets, as well as the ~~Delivery Hero acquisition. Additionally,~~ impact on competitors, consumers, and merchants. If approved, Uber CEO Dara Khosrowshahi purchased over $10 million in company shares. Simultaneously, Delivery Hero has improved its liquidity by repricing its $1.332 billion Term Loan B, reducing its interest margin by 150 basis points intends to ~~save approximately $20 million annually. On~~ use the ~~leadership front, John Woyton officially joined~~ acquisition to expand cross-use between mobility and delivery services, such as integrated memberships. Uber expects to complete the ~~supervisory board on September 9, 2026, succeeding Scott Ferguson.~~ tender offer by November and finalize the stock acquisition by the second half of 2027.

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