Uber has agreed to acquire Delivery Hero for $14.8 billion, expanding its delivery services to nearly 100 markets. This acquisition positions Uber to better compete with rivals like DoorDash and Just Eat.
Uber has officially agreed to acquire Delivery Hero for $14.8 billion in an all-stock deal. This acquisition is significant as it will nearly double Uber's global delivery footprint, expanding its operations into nearly 100 markets across multiple regions including Europe, the Middle East, Latin America, and Asia.
With this deal, Uber aims to enhance its market position against competitors such as DoorDash and Just Eat. Uber's CEO, Dara Khosrowshahi, highlighted that this expansion will allow the company to offer both mobility and delivery services in many more markets, creating potential long-term value for customers and shareholders.
The acquisition is subject to regulatory scrutiny and is not finalized yet. Uber has set an acceptance threshold of 50% plus one share of Delivery Hero’s outstanding share capital for the deal to progress. Additionally, major shareholders, including Prosus, have agreed to sell their stakes, facilitating the acquisition.
Simultaneously, Delivery Hero has reached an agreement to sell its operations in 14 markets where there is overlap with Uber Eats to SSW Partners for $1.6 billion. This decision further streamlines the transition and integration of services between the two companies.
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Uber has agreed to acquire Delivery Hero for $14.8 billion, expanding its delivery services to nearly 100 markets. This acquisition positions Uber to better compete with rivals like DoorDash and Just Eat.