Uber Launches $14.8 Billion Bid to Buy Delivery Hero

Uber has launched a $14.8 billion public takeover offer to acquire German food-delivery giant Delivery Hero, marking a major consolidation move that would reshape the competitive landscape outside China and the United States. The deal, which values Delivery Hero at approximately €10 billion ($11.6 billion) in earlier proposals before being raised to the final $14.8 billion figure agreed in July 2026, aims to strengthen Uber's position against rival DoorDash in international markets. Delivery Hero, which had previously acknowledged receiving an initial bid of €33 per share and remained focused on its strategic review process, has now reached an agreement to be acquired by Uber. This acquisition represents a significant step in the food-delivery industry's consolidation trend, following recent major purchases like DoorDash's acquisition of Deliveroo and Prosus's purchase of Just Eat. The move will affect millions of customers and drivers across Delivery Hero's extensive global network, potentially altering service dynamics and market competition in numerous countries.