Uber Launches €13 Billion Takeover Offer for Delivery Hero, Targeting Talabat and HungerStation
Uber has launched a voluntary cash takeover offer valued at €13.0 billion for Delivery Hero, in a move that could bring several major Middle Eastern delivery platforms under the US mobility company’s control. The proposed transaction includes Delivery Hero’s stakes in Talabat and HungerStation, two of the region’s best-known food delivery brands.
According to the announcement, Delivery Hero’s management and supervisory boards support the offer, which values the company at €41.50 per share. Uber has also secured enough commitments to satisfy the minimum acceptance requirement of 50% plus one share, clearing a key hurdle for the deal.
Technology investor Prosus has irrevocably committed to tender its 16.68% stake. Combined with Uber’s existing holdings and equity derivatives, the commitment gives Uber economic exposure to more than 53% of Delivery Hero.
Regional assets and market impact
For the Middle East and North Africa, the transaction would consolidate control of several major consumer platforms under one entity. Talabat and Saudi Arabia’s HungerStation are expected to become part of Uber’s portfolio, while Delivery Hero’s Glovo operations in Morocco, Tunisia and Côte d’Ivoire are also included in the deal.
The agreement follows months of speculation around Delivery Hero’s regional assets, including earlier exploratory discussions involving rival DoorDash. The outcome may reshape competition across the Gulf and wider MENA delivery market.
European divestments and global footprint
Uber will not retain Delivery Hero’s full European footprint. New York-based investment firm SSW Partners will acquire Delivery Hero businesses in 14 European markets where Uber Eats already operates, in a deal worth approximately €1.4 billion. Those businesses will continue to use Delivery Hero’s logistics infrastructure while SSW Partners looks for long-term owners.
After the divestments, Uber is set to retain operations in 50 markets, including foodpanda across Asia and PedidosYa in Latin America. In total, the combined group would operate in 99 markets globally.
Regulatory review and financing
The acquisition is expected to undergo merger control and regulatory reviews before an anticipated closing in the second half of 2027. In the Gulf, regulators are expected to examine Uber’s existing operations, its minority stake in Careem, and Talabat as part of the review process.
Uber said it intends to finance the offer through cash and a €14 billion committed bridge facility. The company also stated that it will not enter into a domination agreement for three years.
The combined business is projected to generate 2025 pro-forma gross bookings of $236 billion.
What the executives said
Uber Chief Executive Officer Dara Khosrowshahi said the transaction would help expand delivery access across “many millions more people” in some of the world’s most dynamic economies.
Delivery Hero co-founder and CEO Niklas Östberg said the acquisition, along with Uber’s planned investment in Germany, highlights the attractiveness of the European tech ecosystem. He described the transaction as a new chapter for a company built over 15 years.
Industry Analysis
The proposed takeover signals a further wave of consolidation in global delivery services, with particular significance for the Middle East. If approved, the deal would bring together several major platforms operating across overlapping markets, potentially strengthening Uber’s scale and competitive position while drawing closer regulatory scrutiny. For MENA regulators, the review is likely to focus on market concentration, consumer choice and the competitive implications of combining Talabat, HungerStation and Uber’s existing regional interests.
