Uber Buys Delivery Hero for $14.8B | Business and Finance News

Uber just swooped in to buy Delivery Hero for $14.8 billion, catapulting its global footprint into 99 markets and nearly doubling its rides-and-food-delivery reach. The deal merges two powerhouse operations projected to generate $236 billion in gross bookings, with Uber acquiring Delivery Hero’s core 50 markets—including giants like Baedal Minjok and talabat—while SSW Partners takes over 14 others (like Spain and Turkey) for $1.6 billion, planning to flip them later. Delivery Hero’s leadership backs the deal, which Uber will fund with cash and new debt, aiming to boost earnings per share within three years—with closing expected by late 2027. Uber also promises to keep Delivery Hero’s Berlin HQ open and German team employed through 2029, investing €2 billion in Germany by 2031 to fuel growth and self-driving tech. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6bda7c9e4e579e66