Uber is closing in on a €12.5 billion deal to acquire Delivery Hero, the food delivery company. The acquisition would bring together two of the biggest names in online food ordering, reshaping the competitive landscape.
The price tag
The deal values Delivery Hero at €12.5 billion. That figure reflects a significant premium over the company's recent market value. Uber is expected to finance the purchase through a mix of cash and stock, though the exact structure has not been finalized.
Why Uber wants Delivery Hero
Uber already operates a food delivery business. Buying Delivery Hero would give it a larger footprint in markets where the German company has a strong presence. The combined entity would serve millions of customers across dozens of countries, creating a more formidable rival to other delivery platforms.
The deal is not yet done. Both companies are still working through final terms. Once an agreement is reached, it will need approval from Delivery Hero shareholders and regulatory authorities. No timeline has been set for an announcement, but the talks are described as advanced.
