Uber officially knocked on Delivery Hero’s door for a deal that will shake up the global food delivery market. The company acquires all shares of Delivery Hero. $14.8 billion announced its valuation cash offer on July 16, 2026. If the deal is completed, Uber will have access to a wide delivery network including brands such as Yemeksepeti, foodpanda, talabat and Glovo. However, the decision made by shareholders and competition authorities will directly determine the future of purchasing.
Uber to Delivery Hero shareholders for each share 41.50 euros cash offers payment. While the companies signed the merger agreement, Delivery Hero’s management and supervisory boards unanimously supported the proposal. However, the process is not yet closed because Uber needs to raise the necessary share support and obtain official permits. If the parties meet all the conditions, the agreement In the second half of 2027 aims to complete.
Delivery Hero brings together many local brands that reach millions of customers on different continents under one roof. Company; Yemeksepeti, foodpanda, talabat, PedidosYa, Glovo and foodora It works with its brands in a wide area from Europe to Latin America. Therefore, Uber wants to take over not only a rival application, but also ready-made restaurants, couriers and customer networks. Delivery Hero’s covered activities in 2025 49 million monthly active users offered service.
In addition, these activities were carried out in the same year. 1.1 million businesses connected to platforms and $42 billion in gross bookings produced. After the acquisition, Uber increased the number of markets it serves from 79. to 99 plans to release it. The number of markets where it offers transportation and delivery services together has increased from 34. to 58 will rise. Thus, the company aims to allow users to manage travel, restaurant orders and grocery shopping with a single account.
Uber expands global reach with deal
Uber will not take over all of Delivery Hero’s operations in one package. Two companies directly confronting each other Some businesses in 14 marketsapproximately $1.6 billion In return, it will be transferred to SSW Partners. With this sale, the parties aim to reduce the concerns of competition authorities regarding market concentration. The activities to be separated include some operations related to Glovo, foodora and Yemeksepeti.
However, the companies have not yet detailed which brands will remain within Uber in which countries. Regulators will examine local market shares and the current level of competition country by country. These reviews are important for the future of brands as well as restaurant commissions and courier operations. More comprehensive conditions may come to the fore, especially in markets where Uber and Delivery Hero are strong.
Uber had already established a strong economic stake in Delivery Hero before its acquisition offer. Delivery Hero acquired Uber capital in May 19.5 percent and announced that it controls an additional option of 5.6 percent. Uber’s investor presentation stated that with its previous share and financial instrument purchases, the economic share was approximately to 37 percent shows that it has arrived. Hence, the company gradually strengthened its tie-up with Delivery Hero before the final offer.
On the financing side of the deal, Uber will use a combination of existing cash resources and new debt facilities. Value set for the entire Delivery Hero $14.8 billion level, Uber’s net payment account remains lower. After subtracting the shares previously purchased, the company calculated the adjusted purchase price at approximately $13.7 billion It calculates as . Additionally, Uber plans to keep its total gross debt below twice its adjusted earnings.
The decision made by Delivery Hero shareholders will play a direct role in the progress of the deal. Uber shares, including its own economic share, at least 50 percent plus one share Waiting for acceptance. Prosus, one of the major shareholders of Delivery Hero, has committed to offer its entire share of approximately 17 percent. Although this support increases the likelihood of purchase, regulatory reviews will proceed as a separate stage.
Uber announced annual sales after merging companies Revenue and cost contribution of over $1.2 billion waiting to provide. Management expects the acquisition to contribute to adjusted earnings per share from day one. The company is also targeting high single-digit additional earnings in the third year. Actual results will be determined by integration costs, local regulations and customer behavior.
The most important topics on the user side are application options, membership benefits and delivery fees. Uber plans to expand its restaurant and grocery options by adding Delivery Hero brands to its existing customer base. In addition, the company can introduce Uber One membership to food delivery services in more countries. However, Uber has not yet shared a timetable for the merger of existing memberships or the future of local campaigns.
The decrease in competition is another topic to be closely monitored regarding delivery fees and discount campaigns. Food delivery companies offer free delivery and discount coupons to attract new users. When the number of major platforms decreases, companies can redefine the frequency and scope of these campaigns. Official reviews will therefore focus not only on company shares but also on consumers’ choices.
For restaurants, commission rates and advertising expenses are also important parts of the agreement. Uber plans to offer businesses advanced advertising tools thanks to its larger user base. Delivery Hero’s local restaurant network will also merge with Uber’s existing delivery technologies. The companies have not yet announced whether they will make changes to restaurant contracts or commission rates.
Courier operations also constitute one of the most difficult issues facing the two companies. Uber and Delivery Hero use different working models and contract terms in different countries. Therefore, it will take time to establish common technology systems and consolidate delivery networks. The companies did not share detailed plans for courier rates, work zones and existing contracts.
On the Turkish side, all eyes are on Yemeksepeti is converted into a brand. Uber will have a share of approximately 85 percent control in Trendyol GO’s food and grocery delivery activities by 2025. for 700 million dollars agreed to buy it. The Delivery Hero acquisition could also extend the Yemeksepeti connection to the same company’s expanding delivery network. Therefore, the competition review in Türkiye will evaluate the intersection of two major mobile ordering services.
Uber’s connection with Delivery Hero also directly concerns competitors such as DoorDash, Meituan, Grab and Just Eat Takeaway. Delivery Hero operates strong brands, especially in the Middle East, Latin America, Asia and parts of Europe. Uber will thus have access to local services and restaurant relationships that have been working for years, without collecting customers from scratch. Competing companies may try to protect their shares with membership packages, campaigns and regional partnerships.
Uber has been investing in its model that brings transportation and delivery together in the same application account for a long time. According to the company’s data, customers using both services generate three times more gross bookings than those using a single service. Additionally, offering a different service to an existing customer costs more than 50 percent less than acquiring users through paid advertising. The Delivery Hero deal taps into this pool of customers. More than 50 million potential users can add.
However, Uber is not expected to replace all local brands with its own name. The company continues to operate the Uber and Talabat brands under separate names in the Middle East. A similar choice may be made for Yemeksepeti, foodpanda and Glovo, which have strong customer habits. Uber has not announced an official and detailed decision on brand names.
Delivery Hero’s headquarters and employees in Berlin also have a special place in the terms of the agreement. Uber is headquartered in Berlin and keeping its current employee setup to a minimum. until 2029 plans to protect. In addition, the company exports a total of 2 billion euro investment aims to do. The distribution of investment between technology, operations and local employees will be clarified later.
The procurement process will proceed in accordance with the competition legislation of different countries, together with the official bidding rules in Germany. Institutions in Europe, Asia, the Middle East and Latin America will conduct their own market measurements separately. Therefore, some countries may request additional asset sales or special commitments. The companies have not yet shared details about possible additional terms.
Uber and Delivery Hero agreementrepresents one of the largest transactions in a wave of mergers among food delivery apps. Once the deal is completed, Uber will mobile order will bring its services together in 99 markets. The company will gain access to Delivery Hero’s restaurant network, courier operations and local brands. The final result of the process will emerge after shareholder acceptance and decisions of official institutions.
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