Uber's $15 Billion Acquisition of Delivery Hero Gains Board Approval
On September 2, 2026, Uber Technologies Inc.'s (UBER) proposed acquisition of German food delivery company Delivery Hero received formal board approval. The deal is valued at approximately €41.50 per share or $14.8 billion in equity value and requires shareholder acceptance until November 5. Prosus, the second-largest stakeholder with a 17% holding, has committed to tender its shares unconditionally. The acquisition aims to significantly expand Uber's global delivery footprint across 99 markets, generating pro forma gross bookings of $236 billion annually and enhancing competitive positioning against rivals like DoorDash. The deal is expected to boost non-GAAP earnings per share (EPS) in the short term with high-single-digit accretion by year three. However, challenges remain including regulatory approvals across multiple jurisdictions, integration complexities due to diverse markets and operations, and execution risks that could delay or reduce financial benefits.
Tickers: $UBER
Topics: Delivery Hero M&A takeover Uber