Uber Technologies Inc. increased its stake in German food-delivery firm Delivery Hero on Monday to become the company's largest shareholder [1].
The move signals a strategic effort by Uber to strengthen its global logistics footprint. By securing a dominant position in Delivery Hero, Uber aims to better compete with DoorDash in markets outside the U.S. [1, 2].
Uber now holds 19.5% of the issued capital of Delivery Hero [1]. To reach this threshold, Uber acquired approximately 4.5% of the company's issued capital from Prosus, a Dutch-based investor [2].
The transaction was made possible after regulators mandated that Prosus sell down its holdings to clear a separate acquisition of Just Eat [1, 2]. This regulatory requirement created the opening for Uber to expand its influence within the German firm.
Reports on the exact value of the transaction vary. Some sources value the deal at $318 million [2], while others report the figure as €270 million, or £235.4 million [3].
Uber said the investment is intended to counter competition from DoorDash as the company scales its delivery operations internationally [1, 2]. The partnership allows Uber to leverage Delivery Hero's established infrastructure in regions where Uber's own delivery services may be less dominant.
“Uber now holds 19.5% of Delivery Hero's issued capital”
This acquisition reflects a consolidation phase in the global delivery market. By transitioning from a partner to the largest shareholder, Uber is insulating its international delivery business against the expansion of U.S.-based rivals. The deal also highlights how regulatory interventions in one merger—such as the Prosus and Just Eat deal—can trigger secondary shifts in corporate ownership across the industry.
