Uber Technologies Inc. has made a takeover bid for Delivery Hero SE that values the German food-delivery group at approximately €10 billion [1].
The potential acquisition represents a strategic move by the San Francisco-based company to strengthen its international food-delivery presence. By absorbing a major European rival, Uber aims to increase its competitive edge against other global delivery platforms, specifically DoorDash.
The proposed deal would value Delivery Hero at roughly €40 per share [2]. This valuation is equivalent to approximately $11.6 billion [3]. The transaction primarily concerns the operations of the Berlin-headquartered Delivery Hero within the European market [4].
Reports on the nature of the approach vary among financial sources. Some reports indicate a firm takeover bid has been made [1], while others suggest Uber is still weighing the acquisition or exploring various options [5].
DoorDash is also reportedly involved in the situation. According to some reports, the U.S.-based company is sounding out investors regarding a possible bid of its own [2]. However, other reports suggest that Uber is currently the only party to have made a formal bid [4].
Uber continues to diversify its service offerings beyond ride-hailing to capture more of the logistics and delivery market. This move follows a period of leadership changes at Delivery Hero, which may have made the company more receptive to acquisition offers [4].
“Uber has made a takeover bid for Delivery Hero that values the German food-delivery group at approximately €10 billion.”
A successful acquisition would consolidate the fragmented European delivery market, giving Uber significant scale and reducing the number of independent competitors. If DoorDash enters a bidding war, the final price could exceed the initial €10 billion valuation, signaling a broader industry trend toward consolidation in the global 'last-mile' delivery sector.
