UBER · 8-K · 20260716PR000382

Delivery Hero Acquisition

Uber Technologies, Inc · 2026-07-16 · Importance 71 · Surprise 60 · In source text

Uber entered into a business combination agreement to acquire Delivery Hero for cash consideration of €41.50 per share, representing an equity value of $14.8 billion, or $13.7 billion after adjusting for Uber’s prior stake purchases. Delivery Hero will separately sell businesses in 14 markets to SSW Partners for approximately $1.6 billion, while Uber will acquire businesses in 50 markets generating $42 billion of 2025 Gross Bookings. The combined platform is expected to expand Uber’s mobility-and-delivery presence from 34 to 58 markets and reach 99 total markets, with combined pro-forma 2025 Gross Bookings of $236 billion. Prosus has committed to tender its approximately 17% stake, which would bring Uber’s total economic interest to approximately 53%, and closing is expected in the second half of 2027.

Key facts

• The Offer Price represents an Equity Value of $14.8 billion (implied for 100% of the company). source
• The Equity Value is $13.7 billion adjusted for Uber’s prior stake purchases. source
• Businesses being acquired by Uber are 50 markets generating $42B of Gross Bookings in 2025. source
• Closing is expected in the second half of 2027. source
• Prosus has irrevocably committed to tender their shares, which would bring Uber’s total economic interest to ~53%. source
• The Takeover Offer will be subject to a minimum acceptance threshold of 50% plus one share of Delivery Hero’s outstanding share capital (inclusive of shares owned by Uber) and certain further conditions. source
• Prosus has entered into an irrevocable undertaking agreement to tender all of their Delivery Hero shares (~17% of shares outstanding) into the offer. source
• Uber has committed to not entering into a Domination and Profit Transfer Agreement (DPLTA) for a period of three years. source

Impact estimates