Uber weighs a potential $14.8 billion bid for Delivery Hero, aiming to expand its app footprint in delivery and mobility

Uber is in discussions on a potential acquisition of Germany’s Delivery Hero, a Yahoo Finance report says, describing a move that could materially expand Uber’s delivery platform while increasing the customer overlap between its mobility and delivery services.

The report puts the possible price tag at about $14.8 billion, framing it as a “major expansion” effort. If completed on the terms described, the combined offering would reach 99 markets, according to the same account.

Uber’s current strategy depends heavily on linking ride-hailing and food delivery through shared customer demand and operational capabilities. The Yahoo Finance report also cites a near doubling of mobility and delivery overlap, forecasting the overlap would rise to 58, up from a lower base.

A higher overlap matters because it can improve unit economics across both businesses. When riders and delivery customers are concentrated in the same cities and user segments, it can be easier to cross-sell promotions, use common routing or incentives, and reduce marketing inefficiencies.

Delivery Hero is best known for its food-delivery network, with regional brands that operate across Europe and beyond. Uber has already spent years building a delivery business alongside its ride services, and any acquisition would shift the pace from partnerships and internal expansion toward consolidation.

Sector-wide, the deal proposition reflects the pressure on large platforms to defend growth while improving profitability. Food delivery markets have faced intense competition, and consolidation is often viewed by investors as a way to scale operations and improve margins, though results depend on execution and local market conditions.

The Yahoo Finance report, as characterized in the headline feed, does not provide additional deal mechanics such as expected timing, the structure of consideration, regulatory review expectations, or whether Delivery Hero is actively in exclusive talks. It also does not disclose what proportion of the expansion plan would come from Delivery Hero’s existing operations versus any integration or rebranding after a close.

For now, the key unknown is whether the parties can agree on valuation and terms that are acceptable to Delivery Hero shareholders and can clear antitrust scrutiny. The next steps to watch would include any formal confirmation from Uber and Delivery Hero, updates on due diligence and negotiations, and indicates about regulatory pathways in the jurisdictions where both companies operate.