Uber Technologies Inc. has proposed a takeover of Delivery Hero SE, offering to buy the shares it does not already own [1].
This move signals a strategic push by the U.S. company to strengthen its global footprint. By absorbing the German-based firm, Uber aims to better compete with DoorDash Inc. in markets outside the United States [1], [3].
Uber offered a price of €33 per share for the remaining equity [1]. This offer values Delivery Hero at approximately €10 billion [2]. The acquisition would follow a period of increasing investment, with Uber's stake in the company reaching 19.5% [4].
Delivery Hero operates as a major player in the international food-delivery sector. The proposed deal would consolidate Uber's logistics capabilities and expand its reach across Europe, and other regions where Delivery Hero maintains a strong presence [1].
The bid comes as the delivery industry faces ongoing pressure to achieve profitability. Integrating the two companies could allow Uber to leverage shared infrastructure and reduce the operational costs associated with maintaining separate delivery networks across different continents [3].
Uber has not detailed the exact timeline for the acquisition or the specific regulatory hurdles it expects to face in Germany and the European Union. However, the proposal highlights a broader trend of consolidation within the gig economy as companies seek scale to fend off rivals [1].
“Uber offered a price of €33 per share for the remaining equity”
The proposed acquisition represents a significant shift in the global delivery landscape. If successful, Uber would transition from a partnership-heavy model to direct ownership of one of the world's largest delivery networks. This reduces reliance on third-party integrations and creates a more formidable barrier to entry for competitors like DoorDash attempting to scale internationally.
