Uber Technologies Inc. has announced a €13 billion acquisition of Delivery Hero SE, a move that significantly expands its global footprint in the food delivery sector. The deal, valued at $14.8 billion, involves Uber offering €41.50 per share to Delivery Hero shareholders, representing a 26% premium over the initial offer made in May. This acquisition will extend Uber’s operations to 99 markets, with combined pro-forma gross bookings projected at $236 billion by 2025. ([investor.uber.com](https://investor.uber.com/news-events/news/press-release-details/2026/Uber-Announces-Acquisition-Offer-for-Delivery-Hero/default.aspx?utm_source=openai))
To address potential antitrust concerns, Delivery Hero has agreed to divest its businesses in 14 markets where overlaps with Uber Eats exist. These operations will be sold to New York-based investment firm SSW Partners for approximately $1.6 billion. The markets affected include Austria, Norway, Spain, and Sweden. ([latimes.com](https://www.latimes.com/business/story/2026-07-16/ubers-14-8-billion-delivery-hero-deal-turbocharges-global-food-delivery-wars?utm_source=openai))
Several prominent law firms are advising on this complex transaction. Freshfields Bruckhaus Deringer and Wachtell, Lipton, Rosen & Katz are leading Uber’s advisory team. Sullivan & Cromwell is representing Delivery Hero, while Paul, Weiss, Rifkind, Wharton & Garrison is advising SSW Partners. ([legalbusiness.co.uk](https://www.legalbusiness.co.uk/law-firms/global-elite-firms-take-it-away-as-uber-agrees-e13bn-acquisition-of-delivery-hero/?utm_source=openai))
Additionally, Morrison Foerster is advising the Supervisory Board of Delivery Hero on the legal aspects of the takeover and related transactions, including executive compensation and the board’s duties during the process. ([mofo.com](https://www.mofo.com/resources/news/260716-morrison-foerster-advises-delivery-hero?utm_source=openai))
Hengeler Mueller is providing comprehensive legal counsel to Prosus, a significant Delivery Hero shareholder, regarding the sale of its 16.8% stake to Uber. ([hengeler-news.com](https://hengeler-news.com/en/articles/hengeler-mueller-advises-prosus-in-connection-with-ubers-voluntary-takeover-offer-to-shareholders-of-delivery-hero?utm_source=openai))
Cooley LLP is advising Uber on an approximately €14 billion bridge financing agreement in connection with the acquisition. ([cooley.com](https://www.cooley.com/news/coverage/2026/2026-07-16-cooley-advises-uber-on-approximately-14-billion-bridge-financing-commitment-in-connection-with-delivery-hero-acquisition?utm_source=openai))
Uber’s CEO, Dara Khosrowshahi, expressed confidence in the deal’s completion, citing the transaction’s structure designed to facilitate the regulatory process. The acquisition is expected to be accretive to Uber’s non-GAAP earnings per share upon closing, with high-single-digit percentage accretion anticipated by the third year. ([investor.uber.com](https://investor.uber.com/news-events/news/press-release-details/2026/Uber-Announces-Acquisition-Offer-for-Delivery-Hero/default.aspx?utm_source=openai))
Delivery Hero’s CEO, Niklas Östberg, highlighted the strategic benefits of the merger, emphasizing the enhanced value, choice, and convenience it will offer to consumers, merchants, and delivery partners. ([mofo.com](https://www.mofo.com/resources/news/260716-morrison-foerster-advises-delivery-hero?utm_source=openai))
The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2027. ([mlex.com](https://www.mlex.com/mlex/mergers-acquisitions/articles/2501873/uber-announces-delivery-hero-deal-carves-out-overlaps?utm_source=openai))