Uber Technologies to Acquire Delivery Hero in $14.8 Billion Deal
Uber Technologies has reached a definitive agreement to acquire Delivery Hero in a cash deal valued at $14.8 billion. This transaction, one of the largest in the global technology and delivery sector, aims to create a unified platform for mobility and delivery services across 99 markets. While the acquisition is expected to close in the second half of 2027, the regional subsidiary Talabat Holding PLC has confirmed that its operations, leadership, and listing on the Dubai Financial Market will remain unchanged.
The $14.8 Billion Acquisition Agreement
In a major consolidation of the global delivery sector, Uber Technologies has agreed to purchase Berlin-based Delivery Hero for 41.50 euros (approximately $47.58) per share. The transaction carries a total valuation of $14.8 billion, or $13.7 billion after accounting for stakes previously acquired by Uber. According to the companies, this deal is expected to achieve combined annual bookings reaching $236 billion based on 2025 results.
The acquisition remains subject to regulatory approvals and the satisfaction of customary closing conditions. Dara Khosrowshahi, CEO of Uber, stated that the Delivery Hero team has successfully built one of the strongest delivery companies globally, possessing leading local brands and competitive positions in high-growth markets. He emphasized that the integration will expand low-cost, reliable delivery services to millions of users while creating greater opportunities for merchants and delivery partners.
Talabat’s Position in the Dubai Financial Market
Talabat Holding PLC has moved to reassure investors regarding its status. Despite the impending change in ownership of its parent company, Talabat confirmed in an official statement that it will continue to operate under its current strategy, management structure, and listing on the Dubai Financial Market. The company emphasized that it remains under the oversight of its own board of directors and is bound by the regulations and legislation of the United Arab Emirates.
The ownership structure of Talabat involves Delivery Hero MENA Holding GMBH, which holds an 80% stake in the regional firm. Under the terms of the acquisition, Uber will become the direct owner of the Frankfurt-listed Delivery Hero, which in turn will continue to hold its 80% stake in Talabat without change. Talabat noted that any future institutional actions will remain subject to the governance frameworks and regulatory requirements applicable in the UAE. Trading on the Dubai Financial Market resumed at 2:15 PM local time following the company’s disclosure of the material information.
SSW Partners and the Global Divestment Strategy
The transaction includes a separate agreement where the American investment firm SSW Partners will acquire a portion of Delivery Hero’s operations across 14 markets for approximately $1.6 billion. This divestment will occur after the completion of the Uber acquisition and the receipt of necessary regulatory approvals. SSW Partners will manage these assets independently and seek strategic partners to drive future growth.
The assets transitioning to SSW Partners include foodora operations in Austria, the Czech Republic, Norway, and Sweden; the efood platform in Greece; Foody in Cyprus; Glovo operations in Moldova, Poland, Portugal, Romania, and Spain; PedidosYa in Chile and Ecuador; and the Yemeksepeti platform in Turkey. These combined operations generate annual bookings of approximately $11 billion.
Conversely, Uber will acquire Delivery Hero’s operations in 50 markets that generate an estimated $42 billion in total bookings for 2025. This includes brands such as Baedal Minjok in South Korea, foodpanda in Bangladesh, Cambodia, Hong Kong, Laos, Malaysia, Myanmar, Pakistan, Philippines, and Singapore, Glovo in Armenia, Bosnia and Herzegovina, Bulgaria, Côte d’Ivoire, Croatia, Georgia, Italy, Kazakhstan, Kenya, Kyrgyzstan, Montenegro, Morocco, Nigeria, Serbia, Tunisia, Uganda, and Ukraine, Hungerstation in Saudi Arabia, PedidosYa in Argentina, Bolivia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela, and Talabat in Bahrain, Egypt, Iraq, Jordan, Kuwait, Oman, Qatar, and the UAE.
Market Reaction and Sector Context
The announcement has prompted significant activity in the markets. Talabat’s stock rose on the Dubai Financial Market following the confirmation of advanced talks, as investors anticipated that the deal would enhance the strategic value of the platform, which is one of the most important assets of the German group. Talabat accounts for a significant portion of the region’s delivery market, which is estimated to be worth $19 billion. Of Talabat’s business volume of approximately $9.5 billion, $7.8 billion is generated within Gulf markets.
The deal arrives during a global wave of mergers and acquisitions in the delivery sector as companies seek to gain market share and achieve operational efficiencies following the growth slowdown post-pandemic. As the transaction awaits regulatory clearance, market observers are focused on how the integration will reshape global competition in food delivery and quick commerce, particularly as Uber seeks to strengthen its position against rivals like DoorDash.
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