Delivery Hero Boards Back Uber’s $15 Billion Takeover Bid
Delivery Hero boards back Uber's $15 billion bid as Prosus commits its 17% stake and Uber targets a 50% plus one share acceptance threshold for the deal.
Summary
Delivery Hero’s supervisory and management boards endorsed Uber’s $15 billion takeover offer on September 2, 2026, recommending shareholder approval after calling the price fair and adequate. They said the deal serves the company, shareholders, employees and other stakeholders, with potential to accelerate product innovation. Approval would double Uber’s global footprint, create one of the largest delivery platforms outside China and strengthen its position against DoorDash and Just Eat Takeaway.
Uber, already Delivery Hero’s largest shareholder, requires acceptance from holders of at least 50% plus one share of outstanding capital. Prosus has agreed to tender its 17% stake. Delivery Hero previously agreed to sell businesses in 14 markets overlapping with Uber Eats to New York investment firm SSW Partners for $1.6 billion. The deal extends an 18 month consolidation wave in which Uber agreed to acquire Turkey’s Getir for $335 million, Grab said it would buy Delivery Hero’s Foodpanda Taiwan business for $600 million cash, and DoorDash offered $3.87 billion for Britain’s Deliveroo.
Positives
- Delivery Hero’s two boards unanimously backed Uber’s $15 billion offer as fair, adequate and beneficial to key stakeholders.
- Prosus has committed its 17% Delivery Hero stake, helping Uber pursue its minimum acceptance threshold.
- Approval would double Uber’s global footprint and create one of the largest delivery platforms outside China.
- Delivery Hero’s boards identified accelerated product innovation as a potential benefit of the combination.
Risks & concerns
- Uber still needs shareholder approval and acceptance covering at least 50% plus one Delivery Hero share.
- Delivery Hero has agreed to sell businesses in 14 Uber Eats markets to SSW Partners for $1.6 billion.
- A larger Uber delivery platform would increase competitive pressure on DoorDash and Just Eat Takeaway.
- Four announced transactions within 18 months underscore accelerating consolidation across on-demand delivery.