Uber Takes Control of Delivery Hero After Naspers Exit

In a strategic move that signals growing competition in the global food delivery market, ride-hailing giant Uber has agreed to acquire a significant stake in Delivery Hero, one of Germany’s leading online food ordering and delivery platforms.

The acquisition comes as part of a complex transaction triggered by South African investment firm Naspers’ decision to unbundle its international investments. Prosus, the listed entity holding these assets, was forced to sell down its stake in Delivery Hero to comply with regulations.

Financial Details

Uber offered €41.50 per share for Delivery Hero, valuing the company at $14.8 billion—a premium of over 25% compared to earlier bid discussions in May.

This deal represents a significant payday for Prosus, which originally invested in Delivery Hero at much lower valuations and is now realizing substantial returns.

Strategic Implications

• Increased Competition: The acquisition intensifies competition in the already crowded food delivery space globally
• Market Expansion: Uber gains access to Delivery Hero’s extensive network across Europe, Asia, and Latin America
• Synergies: Potential for integrating ride-hailing with food delivery services

Expert Perspective

Helina Bischoff, Deputy Managing Partner at Africa Collective, noted that this transaction highlights the depth of ties between African and European markets. She emphasized that Switzerland’s position as a global hub for finance and technology creates opportunities for both continents to collaborate in sectors like fintech and e-commerce.

What do you think this acquisition means for the future of food delivery? Let us know your thoughts.