Uber reached an agreement on July 16, 2026, to buy Delivery Hero, a food delivery company based in Berlin, for $14.8bn (£11bn / €12.9bn). The deal would combine Uber Eats with Delivery Hero's food delivery brands, which operate across 99 countries (The Guardian).

Uber offered €41.50 per share to Delivery Hero shareholders, which was about $47.58 per share in US dollars at the time. Uber had already bought about 25% of Delivery Hero's shares through earlier purchases, including a batch bought in May that gave it 19.5% ownership of the company. For the rest of the shares, Uber will pay $13.7bn. Prosus, a large investor that held a 17% stake in Delivery Hero, agreed to sell its shares to Uber. Delivery Hero's board and executives all supported the deal and plan to recommend it to their shareholders. Kristin Skogen Lund, who chairs Delivery Hero's supervisory board, oversaw the agreement. Delivery Hero confirmed it was in advanced talks on July 14, 2026, and then announced the deal on July 16 (The Guardian; Delivery Hero Newsroom).

Together, Uber and Delivery Hero handled $236bn in orders in 2025. After the deal, Uber would offer ride-hailing and food delivery in 58 countries, up from 34 today. Uber said that customers who use both its ride-hailing and food delivery services tend to spend three times more on its app. Delivery Hero's brands include foodpanda in Asia, PedidosYa in Latin America, and talabat in the Middle East.

To satisfy competition regulators (government agencies that check whether mergers would give one company too much power over a market), Uber will not buy Delivery Hero's operations in 14 countries where Uber already has a strong presence. You can think of it like a rule that says one company cannot own the only two grocery stores in town, so it has to sell one. The excluded operations include Glovo in Portugal and Spain, foodora in Norway and Sweden, and Yemeksepeti in Turkey. SSW Partners, a private equity firm based in New York, will buy those excluded operations for $1.6bn. Delivery Hero does not operate in the UK.

Uber promised to keep Delivery Hero's headquarters in Berlin and not change its workforce until at least 2029. Uber also pledged to invest €2bn in Germany over the five years after the deal. The deal is expected to be completed in the second half of 2027.

The broader context here is that the food delivery industry has been consolidating for years. Larger companies can spread their costs across more orders, which makes each delivery cheaper to handle. By buying Delivery Hero's brands, Uber grows its network across Asia, Latin America, and the Middle East. The sale of the 14 overlapping operations to SSW Partners is a practical step to show regulators that Uber will not dominate those specific markets.

The deal also reflects a strategy known as a super-app, where one app offers many services so users do more within it. Uber's claim that dual-users spend three times more suggests the company is focused on getting each customer to spend more over time, not just on reaching more countries. Keeping Delivery Hero's Berlin office and freezing workforce changes until 2029 appears designed to win goodwill from German regulators and politicians.

Regulators will likely examine whether the combined company has too much market power across its 99-country footprint, even with the 14-country sale. The deal also builds on a earlier one: Uber Eats bought Delivery Hero's foodpanda business in Taiwan for $950 million in cash in May 2024, separate from this deal. Completing the global deal will require passing antitrust reviews in multiple countries, which is standard for mergers of this size.