Uber in advanced talks to buy Delivery Hero, Bloomberg reports

Uber Technologies is in advanced talks to acquire Delivery Hero, a German-founded food-delivery company, Bloomberg reported, citing discussions between the two sides. The report, carried by Yahoo Finance, said the companies are working toward a potential agreement that could be finalized later, but it did not spell out deal terms or timing beyond the characterization of the talks as advanced.

Delivery Hero, which operates under the Delivery Hero brand across multiple markets, is listed on Germany’s Xetra exchange under ticker DHER. It has also had an OTCQX listing in the United States under the symbol DLVHF, reflecting its broader investor footprint beyond Europe. Uber, listed on the New York Stock Exchange under ticker UBER, has been expanding beyond ride-hailing into delivery and other logistics-like services.

The reported interest in Delivery Hero comes as Uber continues to treat food delivery as a strategic growth area. Uber’s delivery business sits alongside its ride-hailing platform, and the company has repeatedly argued that it can use shared infrastructure, demand forecasting, and a unified app experience to take share from stand-alone delivery providers.

If a transaction were to move forward, the acquisition would represent a step-change in Uber’s scale in restaurant delivery. Delivery Hero is a long-running player in the segment, with operations designed specifically for food orders, merchant onboarding, and delivery logistics. Acquiring such a network could potentially increase Uber’s share of restaurant demand in the markets where Delivery Hero competes most directly.

At the same time, the Bloomberg report did not provide any figures on valuation, expected purchase price, funding method, or the likelihood of regulatory hurdles. It also did not indicate whether the companies are negotiating an all-cash offer, a stock-and-cash mix, or any earn-out structure, leaving key elements of deal economics unclear.

Neither Uber nor Delivery Hero was described in the report as having made a public confirmation or official filing tied to the talks, and the information presented appears to be market reporting rather than a disclosed transaction announcement. In situations like this, the absence of a company statement typically means investors should treat details such as valuation, expected synergies, and closing timelines as uncertain until formal communications emerge.

Sector-wise, the news lands in a period when delivery platforms remain under pressure to balance growth with profitability and to manage dense competition among platforms and local incumbents. Consolidation is one route companies consider to improve unit economics, expand merchant relationships, and secure supply capacity, but it also raises integration risks, especially when operations are spread across countries with different labor and regulatory rules.