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Uber’s $14.8B Delivery Hero deal nears 100 markets
Uber has agreed to buy Delivery Hero in a $14.8 billion all-stock deal that would nearly double its global delivery footprint.
Image: TechCrunch
Uber has agreed to acquire Delivery Hero in a $14.8 billion all-stock deal, a move that would nearly double the company’s global footprint and expand its reach to nearly 100 markets across Europe, the Middle East, Latin America, and Asia.
The agreement follows weeks of speculation. Delivery Hero, based in Germany, also struck a separate deal to sell its business in 14 markets — where Uber Eats already operates — to SSW Partners, a New York-based investment firm, for $1.6 billion.
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The acquisition is not finalized. Uber said the deal will require a minimum acceptance threshold of 50% plus one share of Delivery Hero’s outstanding share capital. The company, already Delivery Hero’s largest shareholder, also said that Prosus has agreed to sell its 17% stake, according to the announcement.
If completed, the transaction would make Uber’s delivery platform one of the largest in the world, and likely the largest outside China. The deal is also expected to draw regulatory scrutiny as Uber strengthens its position against rivals including DoorDash and Just Eat.
“Together, we’ll nearly double the number of markets where we offer both mobility and delivery services, scaling a proven platform that we believe will create significant long-term value for our customers and shareholders.”
Enterprise Editor
Marcus follows the money. He covers enterprise software, cloud architecture, and the tectonic shifts in Big Tech strategy. He translates dense earnings calls and complex M&A activity into actionable insights about where the industry is actually heading. If a tech giant makes a silent pivot, Marcus is usually the first to notice.
via TechCrunch
