Uber agreed to acquire Germany-based Delivery Hero for $14.8 billion in an all-stock deal announced on July 16, 2026. The transaction aims to create the largest food-delivery group outside China, combining Uber's existing delivery business with Delivery Hero's operations across 99 countries. Uber also committed to investing €2 billion in Germany through 2031 and retaining Delivery Hero's Berlin headquarters and workforce until at least 2029, according to livemint.com.
The acquisition process involves Uber purchasing Delivery Hero at an equity value of $14.8 billion, expanding Uber's global footprint significantly. The deal is positioned to help Uber compete more effectively against rivals such as Just Eat, owned by Dutch group Prosus, and U.S. competitor DoorDash, which has been growing aggressively. The combined platform will span 99 countries, creating a major player in the global food delivery market, as reported by techcrunch.com.
This deal marks a major consolidation in the food delivery sector, which has seen intense competition among U.S. and European companies. By merging with Delivery Hero, Uber aims to strengthen its position against established competitors and expand its international reach. The scale of the combined entity will challenge existing market leaders and could reshape competitive dynamics in the global food delivery industry, according to livemint.com.
The acquisition is subject to regulatory approval, which is expected to be complex given the global scale of the combined operations. Uber's commitment to invest €2 billion in Germany and maintain Delivery Hero's Berlin base until 2029 underscores its long-term strategic focus on the European market, as detailed by livemint.com.