Uber is considering raising its takeover bid for Germany-based Delivery Hero after an initial offer was rejected by a major shareholder [1].
A successful acquisition would consolidate the global food-delivery market and expand Uber's logistics footprint in Europe and Asia. The move signals Uber's intent to dominate the last-mile delivery sector despite significant regulatory and competitive hurdles.
Uber's initial offer valued Delivery Hero at over €11.5 billion, which is approximately $13 billion [1]. Delivery Hero disclosed that the indicative per-share offer was €33 [2]. However, a major shareholder rebuffed the proposal, prompting Uber to explore a higher valuation during a board meeting held Saturday, May 23 [1, 3].
Uber already holds a 19.5% stake in the German company [4]. Market analysts said that a successful counter-offer would likely need to be greater than €40 per share to satisfy the remaining shareholders [4].
The potential deal comes as the delivery industry faces pressure to achieve consistent profitability. By absorbing Delivery Hero, Uber could eliminate a primary competitor in several international markets, a strategy that could reduce operational redundancies and increase pricing power.
Neither company has officially confirmed the current status of the negotiations. The board of Uber continues to evaluate the financial viability of a revised bid following the rejection of the initial terms [1, 3].
“Uber is considering raising its takeover bid for Germany-based Delivery Hero”
This potential acquisition represents a strategic shift toward vertical integration in the global logistics space. If Uber successfully raises its bid above the €40 per share threshold, it will effectively merge two of the world's largest delivery networks, potentially triggering antitrust scrutiny in the European Union and other jurisdictions while significantly altering the competitive landscape for food and grocery delivery.
