Uber to Buy Delivery Hero, Operator of foodpanda, in $13.7B Deal
The deal consolidates Uber's dominance in global delivery and ride-hailing, but the Taiwan rejection signals that antitrust scrutiny may fragment the acquisition across markets.
Reporting from 1 source: GIGAZINE.
Uber has agreed to acquire Delivery Hero, the German company behind foodpanda and other delivery brands, via a tender offer of €41.50 per share. The acquisition portion is $13.7 billion. The combined platform will span 99 countries with estimated revenue of $236 billion. Separately, investment firm SSW Partners will buy several Delivery Hero businesses for $1.6 billion. Taiwan's Fair Trade Commission previously blocked Uber's purchase of foodpanda in Taiwan.
The acquisition will bring brands such as foodpanda, talabat, Baedal Minjok, and Glovo under Uber's umbrella, while SSW Partners takes over foodora, efood, and Yemeksepeti in specific regions. Uber CEO Dara Khosrowshahi said the integration will allow Uber to offer delivery and ride-hailing in more markets and generate long-term value. Delivery Hero CEO Niklas Östberg called the partnership a boost for the company's 'Everyday App' strategy. The deal is structured as a public tender offer with a total market capitalization of $14.8 billion.
- foodora: Acquired by SSW Partners (Austria, Czech Republic, Norway, Sweden)
- efood: Acquired by SSW Partners (Greece)
- Foody: Acquired by SSW Partners (Cyprus)
- Glovo: Acquired by SSW Partners (Moldova, Poland, Portugal, Romania, Spain)
- PedidosYa: Acquired by SSW Partners (Chile, Ecuador)
- Yemeksepeti: Acquired by SSW Partners (Turkey)
- Baedal Minjok: Acquired by Uber (South Korea)
- foodora: Acquired by Uber (Hungary)
- foodpanda: Acquired by Uber (Bangladesh, Cambodia, Hong Kong, Laos, Malaysia, Myanmar, Pakistan, Philippines, Singapore)
- Glovo: Acquired by Uber (Armenia, Bosnia and Herzegovina, Bulgaria, Côte d'Ivoire, Croatia, Georgia, Italy, Kazakhstan, Kenya, Kyrgyzstan, Montenegro, Morocco, Nigeria, Serbia, Tunisia, Uganda, Ukraine)
- Hungerstation: Acquired by Uber (Saudi Arabia)
- PedidosYa: Acquired by Uber (Argentina, Bolivia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela)
- talabat: Acquired by Uber (Bahrain, Egypt, Iraq, Jordan, Kuwait, Oman, Qatar, UAE)
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.