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Uber Completes Major Acquisition of Delivery Hero
The US ride-hailing and delivery giant Uber has finalized the acquisition of the German food delivery service Delivery Hero in one of Europe’s largest deals in the sector. Uber offered €41.50 per share to the shareholders of the Berlin-based company, leading to a transaction volume of approximately €12.7 billion. This offer values Delivery Hero at nearly €13 billion in total. The takeover required Uber to secure at least 50 percent plus one share of Delivery Hero’s stock. Prior to the acquisition, Uber already held a stake in the German delivery service. Following the announcement, Delivery Hero’s stock price rose by 3 percent in pre-market trading to €39.35 per share [Source 1].
Impact on Delivery Hero Headquarters and Workforce
Uber has committed to maintaining Delivery Hero’s headquarters in Berlin and pledged to preserve the workforce there until at least 2029. This assurance is significant given concerns about potential restructuring following such a major acquisition. The agreement guarantees stability for employees in the German capital, suggesting a continuation of Delivery Hero’s operational presence in the region under Uber’s ownership [Source 1].
What the Acquisition Means for Expats in Germany
This acquisition directly affects expats, international students, and foreign workers who frequently use food delivery services like Delivery Hero in Germany. While the takeover does not immediately affect prices or service offerings, Uber’s increased market influence might lead to changes in service integration over time. Expats should monitor potential policy shifts, app updates, or alterations in delivery fees as Uber expands its logistics ecosystem within Germany. Additionally, those working in the gig economy or delivery sectors should note Uber’s commitment to retaining Delivery Hero’s Berlin workforce, implying ongoing employment opportunities in the city at least through 2029 [Source 1].
Users of Delivery Hero may want to update their app and review any new terms of service following the acquisition. For residents relying on delivery services for convenience or due to language barriers, it is advisable to stay informed about any changes in supported languages or customer support options provided by the new combined entity.
For further details, readers can consult the original report here: https://www.tagesschau.de/wirtschaft/unternehmen/uebernahme-delivery-hero-uber-100.html [Source 1].
