Uber Considers Divesting Overlapping Assets of Delivery Hero to Secure Regulatory Approval for Full Acquisition
Miles Bennett
Uber is already sounding out buyers for Delivery Hero's overlapping operations in Latin America, Asia, and Europe — pre-clearing the antitrust path before the full acquisition closes. This means the deal has moved from 'whether to buy' to 'how to get regulators to say yes.'
Why is Uber buying and selling at the same time?
Uber wants to acquire German food-delivery company Delivery Hero outright, but the two firms overlap heavily across Latin America, Asia, and Europe.
This means → without a ready-made "slimming plan" for regulators, antitrust review could stall the entire deal.
In plain terms = Uber's playbook is line up buyers first, then close the door — acquire Delivery Hero, immediately divest the overlapping pieces, and leave regulators no reason to block.
How far along is the acquisition?
Uber has raised its Delivery Hero stake (including financial instruments) to roughly 36.8% and has tabled a bid of €33 per share (about $38).
Investors widely expect the final price to land above €33 — this reflects a market read that Uber is determined to close and still has room to raise.
The strategic intent is straightforward: expand food-delivery share outside the U.S. and take the fight directly to DoorDash.
Who else is competing for Delivery Hero's assets?
DoorDash is interested in Delivery Hero's Middle Eastern operations, including the listed Talabat Holding.
Saudi instant-delivery startup Ninja submitted a preliminary bid this week for Delivery Hero's Saudi unit HungerStation and expressed interest in parts of Talabat.
This means → Delivery Hero's regional assets are in high demand — Uber won't lack buyers for the pieces it wants to shed, but competitive bidding could also push divestiture costs higher.
What is major shareholder Prosus doing?
Dutch internet investment firm Prosus holds about 16.8% of Delivery Hero and is steadily selling down that stake.
The sell-down is not a vote of no confidence in Delivery Hero — Prosus needs to resolve EU antitrust concerns tied to its own acquisition of Just Eat Takeaway.
In plain terms = Prosus is forced to choose between two deals: keep its Delivery Hero stake or protect the Just Eat takeover — it chose the latter.
Content is for reference only, not financial advice.