Delivery Hero board approves Uber's $15 billion takeover bid

Delivery Hero’s board has approved a $15 billion takeover bid from Uber, a move that would create one of the world’s largest food delivery platforms.

The deal comes as both companies face intensifying competition and pressure to turn a profit in the crowded food delivery market. Uber, already a dominant player in ride-hailing, has been expanding its delivery arm, Uber Eats, while Delivery Hero, a Berlin-based global operator, has struggled with slim margins and investor skepticism. Consolidation has long been expected in the industry, where scale is critical to offset high operational costs.

Under the proposed terms, Uber would acquire Delivery Hero in an all-stock deal, giving Delivery Hero shareholders a stake in the combined entity. The merger would significantly expand Uber’s reach, particularly in Europe and Asia, where Delivery Hero has a strong presence in markets like Germany, South Korea, and Turkey. Analysts suggest the combined company could control over 20% of the global food delivery market, rivaling leaders like DoorDash and Meituan.

The deal still requires regulatory approval, which could take months, given the size and scope of the merger. If successful, it would mark Uber’s biggest acquisition to date and reshape the competitive landscape of the food delivery industry. Investors and regulators will likely scrutinize the impact on market dominance and consumer choice.