Delivery Hero’s Management and Supervisory Boards recommended that the company’s shareholders accept Uber’s offer to acquire it for $14.8 billion, following an independent assessment that concluded the offer serves the interests of shareholders, the company, employees, and other stakeholders. The cash offer is valued at €41.50 per share, and Delivery Hero’s management described it as “fair and adequate.”
Uber announced the acquisition plan in July 2026. The $14.8 billion figure reflects Delivery Hero’s total value, while the amount Uber will actually pay falls to approximately $13.7 billion after accounting for previous purchases of the company’s shares. According to data published by Delivery Hero, the offer price is approximately 127% above the volume-weighted average share price during the three months ending May 8, 2026, and approximately 35% above the average price for the period preceding the announcement of the intended acquisition on July 16.
What Is Changing in the Turkish Market?
Yemeksepeti will not transfer directly into Uber’s ownership as part of the transaction. Delivery Hero has entered into a separate agreement to sell its operations in markets where its activities overlap with Uber Eats to the U.S. investment firm SSW Partners for approximately $1.6 billion. Yemeksepeti, which operates in Turkey, is part of a package comprising operations in 14 markets.
The package also includes foodora in Austria, the Czech Republic, Norway, and Sweden; efood in Greece; Foody in Cyprus; Glovo operations in Moldova, Poland, Portugal, Romania, and Spain; as well as PedidosYa operations in Chile and Ecuador. It is not yet clear whether SSW Partners will retain these companies over the long term, as Uber said the investment firm will independently seek suitable strategic partners for these businesses.
What Does the Management Recommendation Mean in Practice?
The recommendation comes at a time when Uber already directly owns approximately 24.77% of Delivery Hero’s shares, in addition to an extra economic interest of approximately 11.74% through financial instruments. Prosus, one of Delivery Hero’s major shareholders, has also undertaken to include its approximately 16.68% stake in Uber’s offer. Accordingly, Uber’s economic interest in Delivery Hero could exceed 53% if the undertakings and transaction are completed.
However, the board’s recommendation does not mean the acquisition is complete. The approvals must cover at least 50% plus one share of Delivery Hero’s shares, and the shareholder acceptance period ends on November 5, 2026. The agreement also requires approval from competition authorities and other regulatory bodies, with completion planned for the second half of 2027.
certi.news Analysis
The most important development is not only the increase in the offer’s value, but also the redistribution of food-delivery assets in overlapping markets. The transaction could give Uber greater influence over Delivery Hero, while simultaneously excluding a number of operations from its direct scope by selling them to SSW Partners. For users and partners in the markets concerned, the announcement alone does not establish any immediate change to the applications, brands, or terms of service; these matters will depend on regulatory approvals and SSW Partners’ decisions regarding future partners.