Uber in advanced talks to acquire Delivery Hero at premium above 36 euros a share, German company confirms
Delivery Hero confirmed on Tuesday that it is in advanced discussions with Uber, with a deal possibly this week that would value the German food-delivery group well above its recent share price of around 36 euros.
Confirmation and timeline
Uber Technologies is closing in on a takeover of Berlin-based Delivery Hero, the parent of Glovo. Delivery Hero confirmed on 14 July 2026 that it is in advanced negotiations with the US ride-hailing and delivery giant. Bloomberg first reported the talks, citing people familiar with the matter, and indicated an agreement could be reached as soon as this week. Neither company has disclosed the exact offer price, but Delivery Hero stated that any potential bid would be directed to all shareholders.
The company is engaged in discussions with Uber Technologies regarding a potential takeover offer.
- Uber proposes a takeover at 33 or 38 euros per share (reports vary); investors deem the offer too low.
- Uber raises its stake in Delivery Hero to nearly 37% by buying shares from Aspex Management.
- Bloomberg reports advanced talks; Delivery Hero confirms discussions; stock closes up 5.76% at 39.10 euros.
Valuation and offer history
Delivery Hero shares closed 5.76% higher at 39.10 euros on Tuesday, giving the company a market capitalisation of roughly 11.2 billion euros ($12.8 billion). The stock has gained about 62% this year. Prior to the Bloomberg report, the share price hovered around 36 euros. The transaction is expected to value Delivery Hero substantially above that level. Uber previously approached the company in May with an offer that some media reported as 38 euros per share, while others cited a 33‑euro‑per‑share proposal. Investors considered both figures too low, and the current talks point to a higher premium.
- Earlier offer (33 euros)
- 33 euros
- May offer (38 euros)
- 38 euros
- Pre‑report price (approx. 36 euros)
- 36 euros
- Closing price 14 July
- 39.1 euros
Uber’s existing stake
Uber has been building its position in Delivery Hero for months. It directly holds 24.99% of the shares, and including derivatives its economic interest stands at approximately 36.8%. In late May, Reuters reported that Uber raised its stake from 25% to nearly 37% by acquiring shares from fellow investor Aspex Management. The Amsterdam-based investment firm Prosus NV also holds a significant stake in Delivery Hero.
Antitrust hurdles and geographic overlap
The proposed acquisition would almost certainly face intense regulatory scrutiny because both companies operate across overlapping markets in Europe and the Middle East. Delivery Hero is present in more than 60 countries. Uber Eats would gain a broader network across Europe, the Middle East, Asia and Latin America, but any deal would need clearance from competition authorities in multiple jurisdictions.
Industry consolidation and shareholder pressure
The food-delivery sector has been consolidating as growth slows and competition intensifies. Last year DoorDash agreed to buy Britain’s Deliveroo, and other European peers have been acquired. Delivery Hero has itself been under strategic review after pressure from investors, including the hedge fund Aspex Management, which pushed for the departure of founder Niklas Östberg and advocated for further asset sales.
