Uber Technologies is pursuing an acquisition of German food-delivery company Delivery Hero SE, according to sources familiar with the negotiations. The deal would expand Uber's presence in the competitive food-delivery market.
Uber Technologies Inc. is in advanced talks to acquire Delivery Hero SE, the Berlin-based food-delivery platform, people with knowledge of the matter confirmed.
Delivery Hero operates in multiple markets across Europe, Asia, and the Middle East. The company has built a significant presence in regions where Uber Eats has limited operations, making it an attractive acquisition target for the ride-hailing giant.
The potential deal comes as major tech companies consolidate their logistics and delivery operations. Uber has been aggressive in expanding its delivery business beyond its core ride-hailing service, which generated roughly half of the company's gross bookings in recent quarters.
Delivery Hero went public in 2017 and has grown through acquisitions and organic expansion. The company operates brands in dozens of countries, positioning it as one of Europe's largest independent food-delivery platforms.
No terms of a potential deal have been disclosed. The advanced stage of talks suggests negotiations have progressed beyond preliminary discussions, though major hurdles remain, including regulatory approval. European and German authorities could scrutinize the transaction given Uber's existing market position.
Both companies declined to comment on the talks when contacted.
The move reflects intense competition in food delivery, where dominant players like DoorDash and Grab have consolidated market share. An Uber-Delivery Hero combination would create a more formidable competitor in regions where each company operates independently today.
Delivery Hero's valuation and the structure of any potential deal remain unclear. The company's stock price could be significantly affected by announcement of a completed transaction or collapse of negotiations.
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