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The Guardian - UK
The Guardian - UK
Technology
Jasper Jolly

Uber to buy Germany’s Delivery Hero in $14.8bn global deal

Delivery Hero Uber Germany Prosus Uber Eats
A Delivery Hero worker wearing a red backpack receives a takeaway bag from a restaurant worker at a counter
Uber said it would maintain Delivery Hero’s headquarters in Berlin and make no changes to its workforce until at least 2029. Photograph: Delivery Hero

Uber has reached an agreement to take over the German takeaway company Delivery Hero in a $14.8bn (£11bn, or €12.9bn) deal that would create a global food delivery giant.

The US tech firm said it had offered to pay €41.50 a share to Delivery Hero’s shareholders, valuing the business at $14.8bn. Uber will pay $13.7bn after accounting for its previous purchases of a quarter of Delivery Hero’s shares, most recently in May.

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