Uber raises stake in Delivery Hero in $318 million deal
An Uber Eats delivery driver is seen in Krakow, Poland, on August 21, 2025.
Jakub Porzycki | Nurfoto | Getty Images
Uber Agreed on Friday to buy an additional 4.5% stake in the German food distribution firm Delivery Hero from the company’s largest shareholder prosus.
Prosus’ total gross revenue was about 270 million euros ($318 million), the company said. Uber will pay 20 euros per share; That’s below Delivery Hero’s closing price on Thursday, following a 7% rise in shares. However, Prosus said this was a 22% premium over the 1-month average share price.
The move comes after Prosus made an offer to buy the European food delivery giant last year Just Eat Takeaway.com For 4.1 billion euros. However, this purchase came under scrutiny by the European Commission, the EU’s executive arm; The commission said it would approve the deal if Prosus significantly reduces its stake in Delivery Hero.
“Prosus remains committed to selling the relevant portion of its shares in Delivery Hero within the required time frame,” the company said in a press release on Friday.
Prosus now owns about 21% of Delivery Hero, compared with about 27% when the Just Eat Takeaway.com deal was announced last year, a spokesperson told CNBC.
Uber bought shares in Delivery Hero for the first time. purchased $300 million of newly issued shares in 2024.
Since Prosus’ Just Eat deal last year, European regulators have been rethinking their approach to mergers in the EU. Finance Times This week it reported that the Commission was considering relaxing the rules on large mergers, giving greater weight to “innovation, investment and the resilience of the internal market” when assessing deals.
European competition commissioner Teresa Ribera said: F.T. It was stated in an interview that the bloc wants to encourage “pro-competitive mergers” that would allow European firms “to become relevant players in global markets”“
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