Uber reaches agreement to buy Delivery Hero in €12.7 billion deal, valuing shares at €41.50

Uber has agreed to acquire Germany-based food delivery group Delivery Hero in a deal valued at 12.7 billion euros, according to a market report published on July 16, 2026. The announcement centers on the terms of Uber’s proposed takeover and the implied valuation of Delivery Hero’s equity, a key part of investor focus for companies in cross-border consolidation.

Under the reported terms, Uber would pay 41.50 euros per share to take Delivery Hero private. The price is the headline figure investors typically use to gauge how much of a premium a buyer is offering, but the report did not provide further detail on how the offer would be structured beyond the per-share amount.

Delivery Hero said it has agreed to be taken over by Uber, indicating that the transaction has moved to a negotiated stage rather than being only exploratory. The item did not outline whether Delivery Hero management is recommending acceptance to shareholders, nor did it specify any conditions precedent tied to regulatory review or financing.

The reported deal value of 12.7 billion euros would represent a major scale step for Uber’s expansion strategy. Uber, whose core business is ride-hailing through its app, has in recent years also built or acquired food delivery capabilities in multiple markets, where logistics efficiency and local restaurant supply can be competitive differentiators.

For Delivery Hero, the prospect of joining Uber’s platform would change the way food ordering, driver logistics, and merchant partnerships are operated and monetized. The report did not describe operational integration plans, customer or merchant migration timelines, or how Delivery Hero’s existing regional structure would be handled after closing.

While the offer price and total headline value were reported, the item did not spell out the timing of shareholder votes, the expected closing date, or the nature of any regulatory filings required for a takeover of this size. Cross-border transactions in transport and delivery typically face scrutiny related to market concentration, competition, and consumer protection, and investors often wait for a clearer view on those processes.

The market item also did not provide information on whether the transaction is all-cash or includes any alternative consideration, such as shares or contingent payments. It similarly did not state whether Uber can walk away if approvals are delayed, or what happens if a minimum acceptance threshold is not reached.

Given the limited detail in the market report, investors and company stakeholders will likely look for a fuller announcement that includes definitive merger documentation, governance provisions, and the conditions tied to closing. Until that information is published, the key open items remain the regulatory path, the final shareholder process, and any changes to the offer terms before completion.