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Uber’s Delivery Hero takeover talks face a new Middle East wrinkle as Saudi quick-commerce group weighs assets bid
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 8, 1:50 PM EDT

Uber’s Delivery Hero takeover talks face a new Middle East wrinkle as Saudi quick-commerce group weighs assets bid

A Saudi company considering a bid for parts of Delivery Hero’s Middle East business adds uncertainty to Uber’s push to consolidate food delivery assets under its platform.

By The Apex Times Newsroom3 min readAI-assisted Apex article

Uber’s pursuit of Delivery Hero is running into a potential complication from a Saudi quick-commerce player that is reportedly considering a bid for parts of Delivery Hero’s Middle East assets, according to market coverage tied to a June 8 update. The reporting comes as Delivery Hero remains in a strategic review process following Uber’s takeover approach. (Market Chatter, however, was behind access limits when reviewed directly through Yahoo Finance.)

Delivery Hero’s most recent public posture on the takeover effort dates to a May 23 disclosure on the EQS platform. In that release, Delivery Hero said Uber had reached out with an indicative proposal of 33 euros per share for a potential takeover offer to all shareholders, and that it would continue executing its strategic review process.

As Uber built influence ahead of a possible full deal, it also increased its stake and voting power in Delivery Hero, according to a May 28 report carried by MarketScreener. The report said Uber held 36.83% of Delivery Hero’s voting rights, up from 25.1%, and that Uber’s economic exposure included a direct stake of just under 25% plus an additional 11.84% via financial contracts.

In the same MarketScreener summary, Delivery Hero reiterated that it was fully focused on its strategic review in response to Uber’s offer. The report also said Uber did not immediately respond to a request for comment, and it referenced Uber’s statement that it did not intend to acquire 30% or more of Delivery Hero’s voting rights.

The latest complication centers on the Middle East, where Delivery Hero operates major brands. A separate MarketScreener company profile embedded in the stake coverage lists HungerStation and Talabat among Delivery Hero’s portfolio, reflecting the company’s footprint across the Middle East, North Africa, Europe, and beyond.

Financial Times reporting, as relayed by TipRanks on June 8, said a Saudi-based quick-commerce group called Ninja is considering a bid for some of Delivery Hero’s Middle East assets. If that happens, it could change the menu of options available to Delivery Hero’s board and potentially force deal architecture around which regional operations are packaged, sold, or carved out.

Quick commerce generally refers to very fast delivery of essentials, typically from a nearby dark store or warehouse, using tightly managed fulfillment networks. In that context, control of regional last-mile capacity and customer demand channels can be as valuable as the underlying platform technology, which is why an assets-focused bid by a local player could matter even if Uber’s end goal is a broader acquisition.

What is not clear from publicly accessible text about the June 8 Yahoo Finance item is which specific Saudi startup details were raised and how Delivery Hero responded in that “update” context. Due to access limits encountered when attempting to retrieve the full Yahoo Finance post and because at least two republished versions of the market-news story were also access-restricted, the connection between the Saudi challenge described there and Ninja’s reported consideration for an assets bid cannot be confirmed with full confidence from the June 8 article itself. ([]())

Investors and the market will likely watch for additional disclosures from Delivery Hero on its strategic review timeline, any formal offer communications tied to regional asset bids, and potential regulatory scrutiny affecting how Middle East units like Talabat and HungerStation would be handled under competing transaction proposals.

Why It Matters

  • A potential assets bid by a local Saudi player could complicate Uber’s ability to secure a clean, consolidated outcome across Delivery Hero’s Middle East operations.
  • Changes in who controls core regional delivery networks could influence competitive dynamics in faster-delivery markets, where execution speed and local partner ecosystems matter.
  • The Uber-Delivery Hero process also shows how stake building and voting power can become part of deal leverage, not just the headline offer price.
  • Regulators may scrutinize whether competing bids create effective market control in Europe and adjacent regions, particularly if any transaction structure involves divestitures or carve-outs.

Sources

Key Facts

  • On May 23, 2026, Delivery Hero said Uber reached out with an indicative takeover proposal of 33 euros per share to all shareholders.
  • Delivery Hero said it remained focused on executing its strategic review process following Uber’s approach.
  • A May 28 report said Uber increased its Delivery Hero voting rights to 36.83% from 25.1%.
  • The same report said Uber’s exposure included a direct stake of just under 25% plus an additional 11.84% through financial contracts.
  • Delivery Hero’s portfolio includes brands such as Talabat and HungerStation, placing Middle East assets at the center of any consolidation debate.
  • On June 8, reporting cited Financial Times coverage that Saudi quick-commerce firm Ninja may consider a bid for some of Delivery Hero’s Middle East assets.

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Uber’s Delivery Hero takeover talks face a new Middle East wrinkle as Saudi quick-commerce group weighs assets bid | The Apex Times