Uber (UBER) Acquires Delivery Hero for $14.8 Billion Deal

Uber (UBER) has agreed to acquire Delivery Hero for $14.8 billion, valuing the food delivery company at €41.50 per share. This offer presents a premium of approximately 127% over Delivery Hero's average share price prior to May 8, 2026. With this acquisition, Uber's service coverage will expand to 99 markets, nearly doubling where it offers both mobility and delivery services. The deal is set to close in the second half of 2027, pending regulatory approvals, which could benefit investors through potential earnings growth.