Uber's Delivery Hero Bid: Advanced Talks, Premium Price

Uber (UBER) is in advanced talks to acquire Delivery Hero, the Berlin-based food delivery giant, at a premium to its current market price, people familiar with the matter said. A deal would mark the biggest consolidation play in the global food delivery sector since Uber bought Postmates in 2020.

Delivery Hero operates across more than 70 countries, with strong positions in Europe, the Middle East, and Asia. An acquisition would give Uber a direct foothold in markets where its own Uber Eats business is thin or absent, particularly in Germany and parts of Southeast Asia.

Uber's Alpha Score sits at 62 out of 100, a Moderate rating that reflects balanced fundamentals and market positioning. The company has signaled a willingness to use its balance sheet for strategic M&A after years of cost-cutting.

Talks are ongoing and no final agreement has been reached. A deal could value Delivery Hero at a significant premium to its current enterprise value of roughly €9 billion, though terms remain fluid.