Tech Brew Ride Home · Thursday, July 16, 2026
Uber has agreed to acquire German food delivery company Delivery Hero for approximately $14.8 billion, representing a 26% premium over its initial offer. This acquisition is part of a broader trend of consolidation in the food delivery market, which has seen significant growth and subsequent consolidation following the COVID-19 pandemic. The deal will expand Uber's presence in Asia, Latin America, and the Middle East.
“Uber has agreed to acquire Delivery Hero in a deal that values the German food delivery company at around $14.8 billion.”
“The offer is about a 26% premium to the $33 euro per share Uber originally offered in May, fueling Delivery Hero's stock, which is up 66% year to date.”
“The food delivery market, which boomed during the COVID-19 pandemic and spawned dozens of players, has been rapidly consolidating in recent years.”