Uber Technologies is on the verge of finalizing an agreement to acquire German food-delivery operator Delivery Hero, with a formal offer expected within days.
Reports indicate that negotiations between the two companies have reached an advanced stage, signaling a definitive shift in the competitive dynamics of the quick-commerce sector.
5 billion ($14.34 billion), represents one of the largest cross-border deals in the technology and logistics space.
The proposed transaction, previously valued at approximately €12.5 billion ($14.34 billion), represents one of the largest cross-border deals in the technology and logistics space.
If completed, the merger would combine Uber’s dominant ride-hailing and logistics network with Delivery Hero’s extensive footprint in international food delivery markets, particularly in Europe and Asia.
Market participants are closely monitoring the development for signs of a definitive announcement.
The deal would allow Uber to diversify its revenue streams beyond ride-hailing and expand its presence in the high-growth food-delivery segment, while providing Delivery Hero with the scale and capital resources to compete more effectively against regional rivals.