Uber Increases Stake in Delivery Hero to ~37% with €12B Valuation Acquisition

Uber's Expanded Stake in Delivery Hero

Uber has taken a significant step in expanding its ownership in the German food delivery service Delivery Hero by acquiring a 14.6% stake from Aspex Management, valuing the transaction at approximately €12 billion (around $13 billion). As a result, Uber's total stake in Delivery Hero now stands at approximately 37%.

This acquisition marks a strategic intensification of Uber's engagement with the delivery platform, following a formal takeover proposal made just the week before. By becoming a major shareholder in Delivery Hero, Uber underscores its serious commitment to expanding its influence in the German food delivery market.

Delivery Hero is recognized as one of the leading food delivery platforms in Europe, operating in various markets across the continent. Uber's acquisition of Aspex Management's significant stake illustrates not only confidence in Delivery Hero's long-term prospects but also highlights potential synergies with Uber's existing delivery operations worldwide.