Uber Technologies has entered into an agreement to launch a voluntary cash takeover offer for Delivery Hero, one of the world’s largest food delivery companies.
Under the proposed offer, Delivery Hero shareholders will receive €41.50 for each share, giving the company an equity value of approximately $14.8 billion. After accounting for shares and economic interests already held by Uber, the adjusted transaction value stands at around $13.7 billion.
Deal Includes talabat Operations in Qatar
Uber is expected to acquire Delivery Hero businesses operating across 50 markets, which generated approximately $42 billion in gross bookings during 2025.
The businesses included in the acquisition cover several major delivery brands, including talabat, which operates in Qatar, Bahrain, Egypt, Iraq, Jordan, Kuwait, Oman and the United Arab Emirates. Other brands include foodpanda, Glovo, HungerStation, PedidosYa and Baedal Minjok.
Delivery Hero has also reached a separate agreement to sell businesses operating in 14 markets to New York-based investment firm SSW Partners for approximately $1.6 billion. These markets mainly include locations where Uber Eats and Delivery Hero already have overlapping operations.
Delivery Hero Boards Support the Offer
Delivery Hero’s Management Board and Supervisory Board have unanimously welcomed and supported the takeover proposal and intend to recommend that shareholders accept the offer, subject to their review of the formal offer document.
Prosus, which owns approximately 17% of Delivery Hero’s outstanding shares, has also committed to tender its shares. This would bring Uber’s total economic interest in Delivery Hero to approximately 53%.
Uber CEO Dara Khosrowshahi said the combination would bring together Uber’s global technology platform and Delivery Hero’s established local brands, merchant partnerships and delivery networks.
Delivery Hero CEO Niklas Östberg described the agreement as an opportunity to build on the company’s strengths and expand its food delivery and quick-commerce services through Uber’s global platform.
What the Transaction Means for Uber
Uber said the acquisition would increase the number of markets where it offers both mobility and delivery services from 34 to 58.
The company expects the combined network to provide customers with greater choice, create additional demand for merchants and offer more earning opportunities to couriers and drivers. Uber also expects the transaction to contribute positively to its adjusted earnings per share once completed, with a high-single-digit percentage benefit by the third year.
Uber has pledged to retain Delivery Hero’s headquarters in Berlin and make no changes to its Berlin workforce until at least 2029. It has also committed to investing €2 billion in Germany over five years.
Completion Expected in 2027
The offer is subject to several conditions, including acceptance by shareholders representing at least 50% plus one share of Delivery Hero’s outstanding capital, including the shares already held by Uber.
The transaction will also require merger-control and financial regulatory approvals. Completion is expected during the second half of 2027.
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