Uber agrees to buy Delivery Hero for €41.50 a share in cash

Uber and Delivery Hero entered a business combination agreement under which Uber's bidder entity will offer €41.50 in cash per share, valuing Delivery Hero at about €13.0 billion fully diluted. The offer needs a minimum acceptance of 50% plus one share and antitrust clearances, including from the European Commission. Delivery Hero agreed to sell its businesses in 14 markets to SSW Partners for about €1.4 billion to ease the review.

• Offer price €41.50 per share in cash
• Equity value about €13.0 billion fully diluted (about $14.8 billion per Bloomberg)
• Minimum acceptance 50% plus one share
• Sale of 14 markets to SSW Partners for about €1.4 billion
• Expected completion in the second half of 2027; long-stop date November 10, 2027