Uber has made a takeover offer for Berlin-based food delivery giant Delivery Hero, valuing the company at approximately $11.6 billion. As part of the move, Uber acquired the stake held by investment firm Aspex Management, pushing its voting rights in Delivery Hero to nearly 25 percent. The bid signals Uber's intent to extend its delivery footprint aggressively into markets outside the United States.
A successful acquisition would significantly expand Uber Eats' international reach, particularly in high-growth markets across Asia, the Middle East, and Latin America where Delivery Hero operates. For Uber shareholders, this is a high-stakes bet — transformative if it integrates well, dilutive if it overpays. Delivery Hero's stock is likely to trade closer to the offer price, compressing further upside for new buyers.
Ongoing: Delivery Hero board response to Uber's acquisition offer. Watch for European regulatory review timeline, likely from the European Commission on competition grounds. Next Uber earnings call for management commentary on deal financing and strategic rationale.
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