Uber proposes $15 billion acquisition of Delivery Hero's Glovo unit
Uber has submitted a $15 billion bid for the Glovo delivery platform, representing a 34% premium over Delivery Hero's recent volume-weighted average share price. The deal remains subject to regulatory approval and board acceptance, marking a significant consolidation attempt in the global food delivery sector.
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Germany — 3 developments
Uber Acquires Delivery Hero, Consolidating Global Delivery Market
Uber has acquired Berlin-based Delivery Hero for 12.7 billion euros, expanding its operational footprint to 99 countries and securing a majority economic interest of over 53%. This acquisition, which includes the PedidosYa subsidiary, represents a significant consolidation in the global food delivery and mobility sector, targeting a combined pro forma gross merchandise volume of $236 billion for 2025. Regulatory approval remains a key uncertainty.