Uber launches $14.8B takeover bid for Delivery Hero

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Ride-hailing giant Uber launched a public takeover bid for Germany's Delivery Hero in a deal valued at approximately $14.8 billion, paving the way to create the world's largest food delivery entity outside China, Reuters reported today, July 16.

Uber, which has made the acquisition conditional on a minimum acceptance threshold of 50% plus one share, will offer €41.50 ($47.58) in cash per share.

The offer represents a roughly 34% premium on Delivery Hero's three-month volume-weighted average share price prior to the takeover announcement, said the company.

In a joint statement, the two companies explained that the merger would result in a platform covering 99 countries worldwide, with a pro-forma gross merchandise value of approximately $236 billion based on 2025 data.