Delivery Hero: Takeover by Uber Confirmed

The company responded to previously circulating speculation, as the wording makes clear: "Berlin, 14. Juli 2026 – Bezugnehmend auf aktuelle Gerüchte bestätigt Delivery Hero SE". Responsible for the publication is Andrea Ferraz Estrada, VP Investor Relations and Corporate Communications at Delivery Hero SE.

Market Reaction

Delivery Hero expressly pointed out in the release that it does not comment on possible offer prices. The exact wording was: "Delivery Hero kommentiert Spekulationen über einen Angebotspreis nicht." According to the company, the release serves informational purposes only and constitutes neither an offer nor a solicitation to purchase securities.

The confirmation triggered significant price movements in the market. After the news became known, the Delivery Hero stock jumped by almost six percent in the afternoon. Previously, the share had been trading at just under 37 euros. Observers pointed out that Uber is said to have contacted the Berlin-based company with an offer of 33 euros per share weeks ago.

Uber's Existing Stake

Uber had already significantly increased its direct voting rights stake in Delivery Hero prior to this. As became known, the U.S. company now holds 24.99 percent of voting rights directly. Including financial instruments, Uber has also secured access to a total of almost 37 percent of the shares.

Delivery Hero SE is listed on the MDAX and tradable on several exchanges. The share is traded on the regulated market in Frankfurt (Prime Standard) as well as on the open market in Düsseldorf, Hamburg, Hanover, Munich, Stuttgart, and Tradegate BSX. Additional trading venues include London, OTC QB, OTC QX, SIX, and the Vienna Stock Exchange. The company's registered office is located at Oranienburger Strasse 70, 10117 Berlin.

The contact channels for media inquiries are provided in the release: "Medienanfragen press@deliveryhero.com". The company also lists a telephone number at +49 (0)30 5444 59 105 as well as a fax number at +49 (0)30 5444 59 024. The company's legal identifier is the LEI 529900C3EX1FZGE48X78.

Analyst Assessments

In the weeks prior to the official confirmation, several major investment houses had already updated their assessments of Delivery Hero. On May 27, 2026, UBS AG issued a "Buy" rating; on May 28, 2026, JP Morgan Chase & Co. followed with an "Overweight" rating. On June 1, 2026, Jefferies & Company Inc. also rated the stock as "Buy".

With the expansion of its stake, Uber had, according to market observers, secured a strategic position for the ongoing negotiations. No direct statement from Uber Technologies on the negotiations was available at the time of the ad-hoc release. An official confirmation of the originally rumored offer price of 33 euros per share is also still pending.

Outlook on the Further Process

The fact that Delivery Hero describes the matter as "advanced negotiations" signals that key parameters of a possible offer are already being discussed. In comparable M&A processes, such a confirmation is typically followed by an official offer document or a joint statement by both sides. Observers therefore expect further announcements in the coming days.

Delivery Hero's headquarters in Berlin and the company's dominance in food and grocery delivery in many emerging markets make the group a strategically attractive takeover target. A takeover by Uber would give the U.S. company access to these markets and strengthen its position in global competition with other delivery platforms.

Regulatory Framework

Legally, a successful takeover would be subject to various regulatory requirements, including review by antitrust authorities. Since both companies are active in parallel in several markets, such a review could prove complex. The release itself does not address such aspects.

For Delivery Hero shareholders, the confirmation provides negotiating certainty: Should a public offer actually materialize, it would have to be directed at all shareholders. The share price already reflected the increased likelihood of an offer in the afternoon, even though no price has been officially confirmed.

The coming days are likely to show whether the negotiations will result in a binding agreement. Industry insiders point out that the ownership structure and Uber's high voting rights stake could accelerate the process, as many typical hurdles of a takeover have already been mitigated by the existing shareholding.

With the ad-hoc release, Delivery Hero fulfills its obligations regarding the transparent disclosure of information to the capital market. Inside information that could significantly influence the share price must be published without delay in accordance with Article 17 of EU Regulation No. 596/2014. The publication now made complies with this obligation and creates a uniform information basis for all market participants.