Jul. 16 at 9:22 PM
Uber has agreed to acquire Delivery Hero in a
$14.8 billion deal, significantly expanding its global food delivery footprint from 79 to 99 markets. Uber will pay €41.50 per share and acquire most of Delivery Hero's operations across 50 markets, while investment firm SSW Partners will purchase businesses in 14 additional markets for approximately
$1.6 billion to help address potential antitrust concerns. Uber, which already owns roughly a 25% stake in Delivery Hero, will finance the transaction through cash, new debt, and a €14 billion bridge loan.
The acquisition strengthens Uber's presence across Asia, Latin America, and the Middle East amid ongoing consolidation in the food delivery industry. Uber has committed to maintaining Delivery Hero's Berlin headquarters and workforce through at least 2029 and plans to invest approximately €2 billion in Germany by 2031. The deal is expected to face regulatory scrutiny in Europe due to overlapping operations.
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