Uber weighs reported €12.5 billion bid for Delivery Hero, aiming to pressure DoorDash

Uber is reportedly in talks about acquiring Delivery Hero in a deal valued at about €12.5 billion, a move that would announcement an aggressive push in food delivery competition and against DoorDash in key markets. The latest indication comes from a Financial Times report, relayed by Yahoo Finance, that frames the transaction as potentially fast-moving, with an announcement expected as early as Thursday.

According to the report as summarized by Yahoo Finance, Uber’s contemplated offer is described as “around €41 per share.” If confirmed, that would set a concrete pricing anchor for any negotiations, and it would also mark a shift from Uber’s typically partnership-oriented approach toward consolidation in delivery. The report does not, in the available material, describe financing terms, governance conditions, or whether Uber is alone in the bid or would bring co-investors.

The same summary positions the prospective deal as a way for Uber to challenge DoorDash. That objective, while consistent with the strategic logic of scaling delivery operations and delivery logistics, is not backed in the available text with specific market share figures, route-level economics, or customer or merchant retention data. No operational integration plan, timeline, or expected cost savings were included in what has been provided.

Delivery Hero is the target named in the report, but the available information does not include Delivery Hero’s response, board discussions, or any indication of whether the company has indicated openness or resistance to a takeover. It also does not describe whether regulators would be a gating factor, or what jurisdictions would be most relevant given the companies’ cross-border footprints.

The report’s framing underscores a broader competitive pressure in on-demand delivery. DoorDash has long been a benchmark for scale in North America, while European platforms have competed more regionally, often with strong local brands and varying reliance on gig-economy delivery fleets. A larger, more integrated Uber-delivery combination could change how merchants evaluate multiple platform options, particularly if it leads to more bundled offerings across rides, food delivery, and other last-mile services.

Still, the available reporting leaves many practical questions unresolved. The summary does not say whether Uber’s offer would require a minimum acceptance threshold from Delivery Hero shareholders, whether it would be contingent on antitrust clearance, or whether it would include any form of stock versus cash mix. It also does not indicate the likelihood of a final agreement, as opposed to preliminary discussions that may not advance to a formal bid.

For now, investors and customers are left watching for the next disclosure: whether Uber and Delivery Hero confirm talks, publish deal documents, or issue statements clarifying the status of negotiations. Because the reported timing points to an announcement window as early as Thursday, the immediate focus will be on whether the matter moves from speculation to a formal process with terms, governance steps, and disclosed rationale.