Uber agrees to acquire Delivery Hero in $14.8 billion all-stock deal

Uber has agreed to acquire Delivery Hero in a $14.8 billion all-stock deal today, according to TechCrunch. The move would nearly double Uber’s global delivery footprint and create one of the largest food delivery platforms outside China, TechCrunch reports. It underscores accelerating consolidation as delivery companies chase scale and clearer paths to profitability amid rising investor focus on unit economics.

Further deal terms and timing were not immediately available in the TechCrunch report, including closing date and governance details. The all-stock structure preserves Uber’s cash while handing Delivery Hero shareholders equity in the combined business, signaling a bet on scale efficiencies. Watch for national and regional competition authorities in the EU and other jurisdictions to review the tie-up, plus integration plans, cost synergies, and any required divestitures. [Developing. This article will be updated.]