Uber makes $15 billion bid for Delivery Hero, aiming to build a global food-delivery platform

Uber is pursuing a deal for Delivery Hero, launching a takeover bid that values the German company at roughly $14.8 billion on an equity basis. The bid, described as part of Uber’s broader efforts in food delivery and online ordering, would bring together large operations in markets where both companies compete for customers ordering meals from restaurants through apps.

If the transaction proceeds, the combined group would be positioned as the largest food-delivery company outside of China, according to the account of the bid associated with the announcement. The framing suggests Uber is aiming to expand scale internationally rather than deepen only within the markets where its app-led delivery business is already established.

Uber’s approach, based on the disclosed valuation figure, would represent a major consolidation bet in a sector where margins can be pressured by delivery logistics, marketing costs, and competition for restaurant supply. Larger platforms can sometimes negotiate better commercial terms with restaurants and improve operational efficiency across couriers and fulfillment networks, though the specific expected benefits were not detailed in the brief market coverage.

For Delivery Hero, the bid puts its strategic direction in the spotlight. The company would face decisions about whether to accept Uber’s offer, seek a higher valuation, or continue as a standalone operator in a market shaped by rapid customer switching and heavy spending by incumbents and challengers.

The announcement also highlights how Uber’s delivery strategy is evolving beyond ride-hailing. By targeting a prominent European delivery player, Uber appears to be treating food delivery as a core growth vector in its broader consumer ecosystem, where it can cross-sell services and leverage app engagement.

In the broader “online takeout” category, deals are often driven by the same pressures: customers expect convenience and speed, restaurants want more reliable order volumes, and platforms try to balance growth with profitability as competition intensifies. Scale matters, but integration risk also rises when combining systems, workforces, and regional operations across geographies.

What is not clear from the market coverage is the structure of the offer, the consideration mix, any conditions tied to regulatory approvals, or the timetable for acceptance. It also does not spell out whether Delivery Hero’s management recommended the proposal, whether financing details were provided, or how the combined entity would be governed if regulators allow it.

Investors and competitors will be watching for additional details on the bid terms, Delivery Hero’s response, and any indicates about regulatory review. The next steps, including whether the company engages on value and deal conditions, could determine whether this becomes a path to consolidation or a rejected proposal.