Uber to Buy 4.5% Stake in Delivery Hero from Prosus for €270M

Uber will acquire a 4.5% stake in Delivery Hero from Prosus for approximately €270 million. This marks Uber's expansion into Europe, specifically targeting Delivery Hero's operations. The acquisition highlights Uber's strategy of investing in key markets and companies for long-term growth.

UBER announced it will acquire a 4.5% stake in Delivery Hero SE from Dutch technology investor Prosus N.V. for approximately €270 million ($318 million), lifting its total ownership in the Berlin-based food delivery group to roughly 7%. The transaction values Delivery Hero at approximately €4.4 per share and makes Uber the fourth-largest shareholder in the company — a significant increase from its initial 3% position purchased in a primary issuance in May 2024.

The deal has a structural backstory: Prosus is required by the European Commission to substantially reduce its Delivery Hero stake following the EU's conditional approval of Prosus's €4.1 billion acquisition of Just Eat Takeaway.com in August 2025. The forced divestiture created an unusual opportunity for Uber to expand its European food delivery exposure at a discount to prior market prices. The transaction comes as DoorDash's acquisition of Deliveroo last year reshaped the European competitive landscape, intensifying pressure on the remaining independent players.

For UBER investors, the strategic rationale is European market positioning rather than immediate financial return. Delivery Hero operates Foodpanda across Asia and Talabat in the Middle East, giving Uber indirect exposure to high-growth emerging market food delivery beyond just European delivery. The €270M price tag is modest relative to Uber's balance sheet, and the passive stake structure avoids the operational complexity of a full acquisition — though it also limits Uber's strategic control. Analysts tracking Uber's international expansion will be watching for any deepening of the partnership.