Delivery Hero SE

Delivery Hero SE announced that Co-Founder and Chief Executive Officer Niklas Ostberg will continue to serve as CEO. Kristin Skogen Lund, Chair of the Supervisory Board, said Niklas built Delivery Hero and knows it better than anyone, adding that with the Uber and SSW transactions underway the board is delighted to have him continue leading the company through the next phase. Ostberg said that since the takeover announcement he has had more time to refocus inwards on the company, prioritizing its organisation and building a world-class customer experience, and that the Everyday App strategy is working with growth and profitability accelerating. Delivery Hero describes itself as the world's leading local delivery platform, operating in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa, and has been listed on the Frankfurt Stock Exchange since 2017 as part of the MDAX index.

Uber Technologies is pressing ahead with its $15 billion acquisition of Delivery Hero, a deal that would give it access to 99 markets and $236 billion in pro forma gross bookings. The transaction, which has cleared a key hurdle, is central to Uber's push to scale its global delivery operations against rivals such as DoorDash and Just Eat Takeaway. Beyond delivery, Uber's autonomous vehicle strategy spans more than 30 partners and a $10 billion commitment toward infrastructure and offtake investments, as the company positions itself as a demand layer for driverless fleets rather than developing self-driving technology in-house. The growth story faces pressure, however: Uber's second-quarter revenue came in at $14.19 billion against a $14.24 billion analyst consensus, and its third-quarter earnings outlook fell below expectations. Competition is intensifying as Tesla begins Cybercab production and Waymo secures $16 billion in financing, moves that could reduce Waymo's reliance on Uber. Institutional interest remains significant, with hedge fund ownership slipping only from 153 funds in the first quarter of 2026 to 151 in the following quarter, and BlackRock holding 145.97 million shares, or 7.15% ownership.

Delivery Hero has appointed John Woyton to its Supervisory Board, effective September 9, 2026, with his term running until the end of the Annual General Meeting 2027. Woyton joins as an independent board member succeeding Scott Ferguson, who stepped down to focus on other commitments, and he takes over all positions previously held by Ferguson, including seats on the Audit and Strategy Committees. Woyton brings over two decades of private equity and M&A experience across technology, media, and telecommunications, having begun his career as an investment banking analyst before moving to The Carlyle Group, then spending nearly 12 years at Advent International as leader of the TMT sector team and Partner. He served as a member of the Senior Leadership Team and Managing Director at H.I.G. Capital from 2021 to 2024, and in 2025 co-founded Covalent Equity Partners, a technology-focused private equity firm. Kristin Skogen Lund, Chair of the Supervisory Board, said Woyton's experience investing in and supporting technology businesses through periods of transformation will bring valuable perspective as Delivery Hero enters its next chapter, and thanked Scott Ferguson for his contribution over the last two years.

Delivery Hero's board has endorsed Uber's $15 billion takeover offer and recommended that shareholders approve the deal, which would create one of the world's largest on-demand food delivery platforms. The supervisory and management boards deemed the price "fair and adequate" and highlighted the potential to accelerate product innovation. The acquisition would double Uber's global footprint and strengthen its competitive position against DoorDash and Just Eat Takeaway. Uber, already Delivery Hero's largest shareholder, set a minimum acceptance threshold of 50% plus one share, and fellow investor Prosus has agreed to sell its 17% stake. This deal follows a wave of consolidation in the delivery sector, including Uber's $335 million acquisition of Getir, Grab's $600 million purchase of Foodpanda Taiwan, and DoorDash's $3.87 billion takeover of Deliveroo.

Uber reported second quarter 2026 results with gross bookings up 22% year-over-year to more than $58 billion, above the high end of guidance and marking a fourth consecutive quarter above 20% growth. Non-GAAP EPS grew 35% year-over-year and trailing 12-month free cash flow exceeded $10 billion for the first time in the company's history. CEO Dara Khosrowshahi highlighted the recently announced agreement to acquire Delivery Hero, which will expand Uber's reach to nearly 100 markets, and discussed the company's ambition to become the world's leading commercialization platform for autonomous vehicles. CFO Balaji Krishnamurthy noted that Uber has bought back about $3.5 billion of stock this year and expects to rebuild share repurchase levels within months, not quarters, after deploying about $4 billion in the second quarter for Delivery Hero stock purchases. The company also discussed competitive dynamics in Brazil, regulatory considerations for autonomous vehicles, and the impact of AI on productivity and consumer experience.

Uber Technologies shares rose 9.0% in early August 2026 after the company reported second-quarter revenue of US$14,191 million and net income of US$2,394 million, while also arranging new unsecured term loan and revolving credit facilities to help finance its planned Delivery Hero takeover and broader corporate needs. The financing moves accompany expanding grocery partnerships and autonomous ride trials in London with Wayve, highlighting Uber's push to scale both delivery and autonomous mobility while managing balance sheet flexibility and lender requirements such as minimum interest coverage. The new credit facilities mainly affect balance sheet flexibility rather than the core investment thesis, but tighter debt covenants and AV trial performance could quickly change market perceptions.

Uber Technologies announced it will acquire German delivery company Delivery Hero in a $14.8 billion deal. Uber already held a stake and will reach 53% ownership through a purchase from Prosus, followed by a voluntary tender offer for remaining shares. The acquisition roughly doubles the number of markets where Uber offers both delivery and rideshare, responding to DoorDash's international expansion. Motley Fool contributors noted the deal is more defensive than offensive, with Uber's delivery bookings already nearly even with mobility bookings, and highlighted the growing importance of Uber's advertising business layered on its platform.

Uber Technologies has agreed to acquire German food delivery platform Delivery Hero in a deal valued at $14.8 billion. Uber will pay €41.5 per share, equivalent to $47.61, and the transaction will double the number of markets where Uber offers both mobility and delivery services, according to CEO Dara Khosrowshahi. As part of the agreement, Delivery Hero will sell its Turkish platform Yemeksepeti and foodora in markets including Austria to New York-based investment firm SSW Partners, which will also acquire Delivery Hero businesses in a total of 14 markets for approximately $1.6 billion. Uber has committed to no workforce changes at Delivery Hero's Germany headquarters until 2029 and plans a nearly $2.3 billion investment in Germany over five years.

Eli Lilly has agreed to acquire psychedelic drugmaker AtaiBeckley for $6.75 per share in upfront cash, valuing the deal at approximately $2.8 billion, plus up to $2.50 per share in contingent value rights tied to clinical and regulatory milestones. In other notable deals this week, Dassault Systèmes is in discussions to acquire drug trial software maker ArisGlobal from Nordic Capital for about $2 billion, though talks are ongoing and may not result in a deal. ABB Ltd. agreed to acquire Rotork for £5.03 per share in cash, a 60% premium to the company's three-month average share price, valuing the company at about £4.1 billion. A consortium led by KKR and Energy Capital Partners raised its takeover proposal for Irish energy distributor DCC to £67.97 per share, valuing the company at £5.81 billion, or approximately $7.86 billion. Stripe and Advent International have reportedly made a joint offer to acquire PayPal for $60.50 per share, in a deal that would value the payments company at more than $53 billion, though PayPal's board views the bid as inadequate. Uber Technologies launched a public takeover offer for Germany's Delivery Hero, valuing the food delivery company at about $14.8 billion in equity value. Kimbell Royalty Partners agreed to acquire oil and gas royalty interests from affiliated sellers for approximately $215.4 million, consisting of $74.9 million in cash and 9.5 million newly issued common units. Zoetis announced an agreement to acquire VitalRADS, a Texas-based provider of veterinary imaging services.

Uber is set to take over Delivery Hero in a deal valuing the German food delivery company at about €12.5 billion, the Financial Times reported. Delivery Hero confirmed it was in advanced negotiations with Uber regarding a potential takeover offer on Tuesday. The deal could be announced as early as Thursday, with Uber paying roughly €41 per share, though terms and timing have not been finalized and could still change. Under the proposed deal, Delivery Hero will split off part of its business, selling its Turkish unit Yemeksepeti and several European operations to an investment firm, in an effort to limit geographic overlap with Uber and reduce potential antitrust scrutiny. Acquiring Delivery Hero, which has a market value of roughly €11.6 billion, would expand the Uber Eats food-delivery network in Europe, the Middle East, Asia and Latin America, but the deal could attract scrutiny from antitrust regulators due to overlap in the companies' operations.

Uber has paused most of its planned Uber Eats expansion across Europe as it continues efforts to acquire rival Delivery Hero, the Financial Times reported. The company has shelved launches in five of the seven countries it had targeted for 2026, including Austria, Norway and Greece, just five months after announcing the expansion. Uber told the FT the decision followed the huge success of its launches in Finland and Denmark and said it is now focused on building momentum in existing markets. The pause comes as Uber continues to pursue Berlin-based Delivery Hero after its €10 billion takeover proposal was rejected in May, and any renewed bid is expected to face close scrutiny from EU antitrust regulators. The report said the expansion pause could also help ease potential regulatory concerns surrounding a future acquisition.