Uber publishes formal offer document for Delivery Hero takeover
Uber published a formal offer to acquire Delivery Hero for €41.50 per share, a 108% premium. The offer, approved by BaFin, runs from August 27 to November 5. Uber already holds 24.77% of Delivery Hero's voting shares and has commitments for additional shares. Delivery Hero raised its 2026 guidance, expecting 9-11% GMV growth and reported adjusted EBITDA of €427 million for H1 2026, beating estimates.
How this was made
The 30-second read
Why it matters
The transaction could create a leading global delivery platform, affecting market share and pricing dynamics.
Market read
The deal is material for both companies and the broader delivery sector.
What to watch
Integration risk and cultural differences between Uber and Delivery Hero.
Background
Uber seeks to expand its delivery footprint by acquiring Delivery Hero, a major European food‑delivery player.
Ticker impact
Uber published its formal offer document to acquire Delivery Hero, initiating a takeover bid.
UBER may rise on acquisition news, while DHER likely to trade at a premium.
The offer is a fresh, material M&A announcement with a 108% premium.
Market effects
Consolidation in food‑delivery sector may pressure peers.
European delivery market sees increased M&A activity.
Potential shift in competitive dynamics for global logistics platforms.
Counterpoint
Deal could face regulatory hurdles, delaying value realization.
Key entities
- CompanyUber Technologies Inc.
Acquirer, US‑listed ride‑hailing and delivery platform.
- CompanyDelivery Hero SE
Target, European food‑delivery operator.





