Key Takeaways Uber Technologies has entered advanced negotiations to purchase German-based food delivery platform Delivery Hero, with an agreement potentially materializing within days. Deliv
Uber Technologies has progressed to advanced-stage negotiations regarding the acquisition of Delivery Hero, the Berlin-headquartered food delivery operator, as reported by Bloomberg on Tuesday. Industry observers suggest a transaction could materialize as early as this week.
Delivery Hero released a public statement acknowledging the ongoing discussions, characterizing them as being at an advanced point in the negotiation process. However, company representatives declined to provide commentary on circulating reports regarding potential offer pricing.
Uber stock experienced a decline of nearly 3% during Tuesday’s trading session in response to the news. Meanwhile, Delivery Hero’s shares surged more than 5%, reaching €38.93 on Frankfurt’s exchange.
$UBER is reportedly in advanced talks to acquire Delivery Hero, per Bloomberg. Uber is aiming to reach an agreement as soon as this week and is reportedly planning to bid well above Delivery Hero’s recent share price.
— Wall St Engine (@wallstengine) July 14, 2026
Any completed acquisition would presumably establish a valuation for Delivery Hero considerably exceeding its recent market price of roughly €36 per share. Uber’s initial proposal submitted in May established a per-share price of €33, translating to an aggregate valuation of approximately €10 billion ($11.38 billion).
According to reporting from the Financial Times, Uber had previously presented an enhanced offer of €38 per share to one of Delivery Hero’s principal shareholders, which was subsequently rejected.
Reuters disclosed that Uber has expanded its equity position in Delivery Hero to nearly 37% from a previous 25% stake, obtaining the additional shares through a transaction with co-investor Aspex Management.
This takeover initiative represents the culmination of an extended pursuit. Delivery Hero initially disclosed in late May that it had received an acquisition proposal from Uber.
That preliminary offer established a price point of €33 per share. The current state of advanced negotiations indicates Uber’s willingness to increase its bid to finalize the transaction.
Delivery Hero, with operational headquarters in Berlin, manages food delivery services spanning numerous international markets. According to Bloomberg’s sources, any merger between these two corporations would inevitably face comprehensive antitrust examination across multiple regulatory jurisdictions.
Uber representatives declined to provide statements to both Bloomberg and Reuters regarding the reported negotiations.
Delivery Hero’s shares have traded at suppressed valuations compared to where an acquisition price might ultimately settle. The recent €36 trading price remains below even the initial €38-per-share overture that one major stakeholder rejected.
A concluded deal priced above €36 would deliver a premium return for Delivery Hero’s investor base. The precise valuation remains undisclosed, as the company has maintained silence on pricing details publicly.
Uber’s expanded ownership stake of nearly 37% in Delivery Hero positions it as among the company’s most significant shareholders. This substantial equity position provides Uber with considerable leverage as formal deal negotiations continue.
Delivery Hero’s Tuesday confirmation of advanced-stage discussions represented the most explicit public acknowledgment to date that a transaction is under serious consideration.
Uber maintained its policy of no comment when approached by Reuters for a statement.
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