Delivery Hero disclosed that it received a takeover approach from Uber Technologies, valuing the food delivery company at approximately €10 billion, according to a report from the Financial Times. The proposed deal would mark one of the largest consolidation moves in the global food delivery sector as competition intensifies and profitability pressures continue across the industry.
The Financial Times reported that Uber and rival delivery platform DoorDash had been sounding out investors about a potential bid for Delivery Hero in recent weeks. Delivery Hero later confirmed that Uber had submitted a non-binding proposal for the company at a valuation of roughly €10 billion.
Delivery Hero has spent years expanding internationally through acquisitions and aggressive market expansion, building operations across Europe, Asia, the Middle East, and Latin America. However, like many delivery companies, it has faced pressure from investors to improve margins after the rapid growth period that followed the pandemic-era boom in online food delivery demand.
A deal between Uber and Delivery Hero would significantly reshape the competitive landscape of the food delivery market. Uber already operates the global food delivery platform Uber Eats, while Delivery Hero owns multiple regional brands and has stakes in several delivery businesses worldwide. Combining the companies could provide greater scale, operational efficiencies, and stronger positioning against competitors including DoorDash and regional delivery operators.
The Financial Times noted that discussions remain preliminary and there is no certainty that a transaction will proceed. Any deal would likely face regulatory scrutiny in multiple markets due to the combined companies’ sizable presence in food delivery and quick commerce.
The reported €10 billion valuation represents a significant development for Delivery Hero, whose market value has fluctuated sharply over recent years amid changing investor sentiment toward technology and delivery companies.
