Delivery Hero – Uber Takeover Talks Reach Advanced Stage Amid Market Speculation
Delivery Hero – Delivery Hero has confirmed that it is engaged in advanced discussions with Uber Technologies over a possible takeover proposal, following growing market speculation about a potential deal. The German food delivery company said the talks are ongoing but emphasized that no formal acquisition offer has been announced.
Delivery Hero, headquartered in Berlin, operates several well-known food delivery platforms, including foodpanda, HungerStation, and talabat. While acknowledging the negotiations, the company chose not to address reports suggesting a possible offer price. It stated that it would refrain from commenting on market speculation beyond confirming that discussions are taking place.
Company Confirms Negotiations but No Formal Offer Yet
In an official statement, Delivery Hero said it is currently holding advanced negotiations with Uber Technologies regarding a potential offer that could be extended to all shareholders. The company explained that the announcement was made in response to widespread rumors that had recently emerged in financial markets.
At the same time, Delivery Hero stressed that the disclosure should not be interpreted as a formal acquisition proposal. It clarified that the statement serves only to inform investors and the public about the ongoing discussions and does not represent an offer to buy shares or other securities issued by the company or any of its subsidiaries.
Uber Expanded Its Stake Earlier This Year
The latest development comes only a few months after Uber strengthened its financial position in Delivery Hero. In May, the German company disclosed that Uber had increased its investment by purchasing additional shares and financial instruments.
Following that transaction, Uber’s holding rose to approximately 19.5 percent of Delivery Hero’s issued share capital. In addition, the American technology company secured options representing another 5.6 percent, further increasing its potential influence within the business.
The expanded investment was viewed as a significant milestone in the relationship between the two companies and sparked expectations that a deeper strategic partnership could eventually emerge.
Investment Seen as Support for Long-Term Strategy
When Uber increased its ownership earlier this year, Delivery Hero described the move as a strong endorsement of its long-term business direction. The company said the additional investment reflected confidence in its digital platform and its broader Everyday App strategy, which aims to combine multiple consumer services within a single ecosystem.
Management indicated at the time that Uber’s decision to invest further demonstrated faith in the company’s growth plans and operational model, reinforcing confidence among shareholders and market participants.
Business Operations Continue Without Change
Despite the ongoing takeover discussions, Delivery Hero said its day-to-day operations remain unaffected. The company reaffirmed that its management team continues to focus on improving operational performance while advancing its long-term strategic review.
According to the company, its primary objective remains creating sustainable value for shareholders through business execution and operational improvements, regardless of the outcome of the negotiations with Uber.
Although investors will closely monitor future announcements, Delivery Hero has not indicated when the discussions may conclude or whether they will ultimately result in a formal acquisition proposal. Until then, the company maintains that the current disclosure is intended solely to keep the market informed while continuing normal business operations.