Uber is close to finalizing a deal to acquire Delivery Hero for approximately €12.5 billion, according to economictimes.indiatimes.com. The acquisition would mark a major expansion for Uber in the food delivery sector, significantly boosting its presence in Europe and other markets where Delivery Hero operates.
The deal has been in advanced stages of negotiation, with Uber aiming to strengthen its position against competitors in the global food delivery market. Delivery Hero, known for its extensive network and strong market share, complements Uber's existing food delivery services. The transaction is expected to be structured as a full acquisition, with Uber integrating Delivery Hero's operations into its platform, as reported by economictimes.indiatimes.com.
This acquisition would be one of the largest in the food delivery space, reflecting the ongoing consolidation trend in the sector. It positions Uber to compete more effectively with other major players like DoorDash and Just Eat Takeaway. The deal also highlights the increasing value of food delivery platforms as they continue to grow post-pandemic, driven by sustained consumer demand and expansion into new regions, according to economictimes.indiatimes.com.
Uber's move to acquire Delivery Hero for €12.5 billion is expected to close after regulatory approvals and final negotiations. The deal will significantly increase Uber's footprint in the food delivery market, with Delivery Hero's operations spanning multiple countries across Europe, Asia, and the Middle East, economictimes.indiatimes.com reported.