Uber seeks buyers for Delivery Hero assets to clear regulatory hurdles for takeover

Uber Technologies is sounding out potential buyers for parts of Delivery Hero’s regional businesses as it tries to line up a full takeover of the German food delivery company that could clear regulatory hurdles, according to people familiar with the matter cited by Bloomberg. The idea is to sell overlapping assets in regions where the two companies’ operations would create competition concerns, including parts of Latin America, Asia and Europe.

The move suggests Uber is trying to make a larger deal more acceptable to antitrust regulators by reducing overlap between the two companies’ delivery networks. According to Bloomberg, Uber has already been reaching out to parties that might be interested in buying those assets, though no final decisions have been announced.

Delivery Hero, based in Germany, operates in multiple markets around the world, while Uber has been expanding its delivery business beyond ride-hailing. A takeover would give Uber a stronger global position in food delivery, but it would also invite closer scrutiny because both companies already compete in some regions.