Key Takeaways
- Uber is actively seeking potential acquirers for Delivery Hero’s businesses across Asia, Latin America, and Europe.
- These preliminary sales talks aim to facilitate regulatory clearance for acquiring complete control of Delivery Hero.
- The ride-hailing company currently holds roughly 36.8% of Delivery Hero through shares and financial instruments.
- Completing a full acquisition would require approval from competition authorities in numerous countries.
- This strategic approach addresses anticipated antitrust challenges before submitting a formal acquisition proposal.
Uber Technologies is taking proactive steps toward acquiring complete ownership of Delivery Hero, and the strategy involves divesting certain regional operations to make it happen.
Based on a Bloomberg report from sources with knowledge of the situation, Uber has initiated conversations with prospective buyers regarding specific Delivery Hero regional divisions. The focus areas are territories where both companies have competing presences — particularly throughout Asia, Latin America, and Europe.
UBER stock traded down 1.56% at the time of this report. Delivery Hero (DHER) shares gained 0.29%.
This strategic outreach indicates Uber’s determination to transform its substantial equity position into complete acquisition. The company has systematically increased its stake in Delivery Hero to approximately 36.8%, incorporating various financial instruments, through recent months.
Navigating Antitrust Challenges
Securing full ownership of Delivery Hero would demand regulatory approval across numerous international markets. For a transaction spanning three continents, this represents a significant challenge.
By preemptively identifying buyers for regional businesses where operations overlap, Uber seems to be strategically addressing potential antitrust objections. This approach follows a well-established strategy — divest problematic assets before competition authorities mandate action.
The current discussions remain preliminary in nature. No binding agreements for Delivery Hero’s regional operations have been finalized or publicly disclosed.
Delivery Hero ranks among the world’s dominant food delivery platforms outside U.S. borders, operating multiple brand identities throughout Europe, Asia, and Latin America.
Regional Assets Under Consideration
The sales discussions encompass territories where Uber Eats and Delivery Hero’s subsidiaries both maintain active operations. Transferring these units to independent third parties would eliminate competitive redundancy, a primary concern for competition regulators reviewing merger proposals.
Specific brands, markets, or interested buyers have not been disclosed. Bloomberg’s sources maintained anonymity and did not reveal the identities of parties involved in discussions.
Uber’s accumulation of Delivery Hero shares attracted significant market attention throughout this year. Holding 36.8% positions Uber strategically for a complete acquisition proposal — contingent on establishing proper regulatory foundations first.
The current buyer outreach demonstrates Uber is actively establishing that foundation.
Delivery Hero maintains operations across dozens of countries through various brands including foodpanda throughout Asia and Talabat in Middle Eastern markets, though Bloomberg’s reporting specifically highlighted Latin America, Asia, and Europe as the regions central to Uber’s divestment strategy.
Neither Uber nor Delivery Hero has issued official statements regarding the Bloomberg report as of this publication.
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