Uber Technologies Inc. has proposed a takeover of Delivery Hero SE valued at approximately €10 billion [1].
The move signals a strategic effort by Uber to ramp up competition with DoorDash outside the U.S. [1]. By acquiring the Berlin-based company, Uber could rapidly scale its logistics and food-delivery infrastructure across international markets where Delivery Hero maintains a strong presence.
Reports indicate the proposed valuation for the German group is roughly €10 billion [1], which is approximately US$11.6 billion [1]. Some reports specify that Uber offered €33 per share for the company [3].
However, the deal faces significant hurdles regarding valuation. While Uber's proposal sits at the €10 billion mark [1], other reports indicate that Delivery Hero rebuffed the €33 per share offer [3]. Investors in the German firm are reportedly seeking a price higher than €40 per share [3].
The proposal comes following a leadership shakeup at Delivery Hero [4]. Uber's interest in the company ranges from seeking specific stakes to a full takeover of the entity [2, 4].
Delivery Hero operates as a major player in the global quick-commerce and food-delivery sector. A successful acquisition would consolidate two of the largest platforms in the industry, potentially altering the competitive landscape for delivery services in Europe and Asia.
“Uber proposed a takeover of Delivery Hero valued at about €10 billion”
This acquisition attempt highlights the intensifying global battle for delivery dominance. If Uber successfully integrates Delivery Hero, it would transition from a primarily U.S.-centric delivery model to a global powerhouse, reducing its reliance on the North American market while creating a formidable barrier to entry for rivals like DoorDash in international territories.
