AcquisitionsJul 16, 2026, 06:41 AM
Uber Offers €41.50/Share for Delivery Hero, Valuing it at $14.8B
AI Summary
Uber Technologies, Inc. has entered into a Business Combination Agreement to acquire Delivery Hero SE through a voluntary public takeover offer. Uber will offer €41.50 per share in cash, representing an equity value of $14.8 billion. Delivery Hero will separately divest its operations in 14 markets to SSW Partners for $1.6 billion. The transaction is anticipated to be accretive to Uber's Non-GAAP EPS and is expected to close in the second half of 2027.
Key Highlights
- Uber offered €41.50 per share in cash for Delivery Hero, valuing it at $14.8 billion.
- Delivery Hero will sell its businesses in 14 markets to SSW Partners for approximately $1.6 billion.
- The transaction is expected to be accretive to Uber's Non-GAAP EPS upon close, reaching high-single-digit accretion by year three.
- Uber will fund the acquisition using existing cash and a committed bridge facility of approximately €14 billion.
- Delivery Hero's management and supervisory boards unanimously support the offer, and Prosus has committed to tender its ~17% stake.
- The acquisition is expected to nearly double the number of markets where Uber offers both mobility and delivery services from 34 to 58.
- Uber committed to retaining Delivery Hero's Berlin headquarters and workforce until at least 2029, and investing €2 billion in Germany.
- Closing is expected in the second half of 2027, subject to regulatory approvals and a minimum acceptance threshold of 50% plus one share.
Price Impact
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