Uber to buy Delivery Hero for about $14.8 billion, lifting its delivery footprint across Europe and beyond

Uber has entered into an agreement to acquire Delivery Hero, a transaction described as worth about €41.50 per share and valued at roughly $14.8 billion. The move would combine the two companies’ food delivery and logistics platforms, widening Uber’s reach in markets where consumers and merchants already rely on app-based delivery.

The announcement highlights scale metrics intended to show how the combined platforms would operate. Uber says the combined business would span 99 markets and total gross bookings of $236 billion, a measure of the value of orders placed through a platform before deductions such as refunds or adjustments.

Delivery Hero is known for its European and global delivery operations, while Uber’s existing network includes ride-hailing and a growing delivery business. For Uber, the acquisition is positioned as a way to accelerate geographic coverage and increase the number of merchants and consumers served through a single set of apps.

The offer price is the centerpiece of the deal’s terms. At €41.50 per share, the acquisition values Delivery Hero based on the per-share amount stated in the announcement, and it sets a concrete benchmark for shareholders as the transaction proceeds through required approvals.

If completed, the combination would deepen Uber’s role as a consolidator in online delivery, a sector where scale, delivery density, and merchant relationships can influence unit economics. Larger networks can improve driver or courier availability and reduce delivery times, while also giving platforms more leverage in marketing and merchant partnerships.

For Delivery Hero, the transaction would shift the company into Uber’s ecosystem, potentially changing how local operations are managed and how technology platforms are integrated. Deals of this type often require substantial coordination on dispatch systems, fulfillment processes, and payments, but the amount of operational detail disclosed in this report is limited.

Regulatory and shareholder approval requirements are not described in the available information. It is also unclear from the published item how Uber expects to finance the purchase, how deal-related costs will affect near-term results, or what specific timeline is targeted for closing.

Investors will likely focus next on confirmation of the transaction’s full terms, including any conditions tied to competition reviews, and on how Uber plans to integrate Delivery Hero’s operations into its delivery strategy. The market will also watch for further disclosures on expected synergies and the impact on margins and cash flow.