Uber (UBER) Stock Dips Amid Delivery Hero Acquisition Speculation

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Bloomberg reports Uber is weighing a complete acquisition of Delivery Hero, a leading European food delivery platform
The ride-hailing company revealed earlier this week it owns a 19.5% stake in Delivery Hero, with an additional 5.6% held through options
Uber leveraged derivatives with the assistance of Morgan Stanley to rapidly accumulate its position
Shares of Uber declined approximately 1.9% following the disclosure; competitor DoorDash rose 1.9%
Delivery Hero’s valuation has surged roughly 110% over the last half-year in Frankfurt, reaching approximately €10.2 billion

The ride-hailing and delivery giant Uber is reportedly in preliminary discussions regarding a complete acquisition of Delivery Hero, the prominent food delivery operator listed in Frankfurt, based on a Bloomberg report released on Friday.

$UBER REPORTEDLY EXPLORES FULL DELIVERY HERO TAKEOVER
Uber is working with advisers on ways to increase its stake in Delivery Hero, Bloomberg reports. Uber disclosed this week it owns 19.5% of Delivery Hero, plus another 5.6% in options.
The company said it has no current plan… pic.twitter.com/tftzoz62lz
— Wall St Engine (@wallstengine) May 22, 2026

The strategic initiative is designed to strengthen Uber’s competitive position against DoorDash in markets beyond U.S. borders.

Shares of Uber fell roughly 1.9% in the wake of the report. Meanwhile, DoorDash, viewed as a primary competitor in global delivery operations, experienced a 1.9% increase on the same development.

Uber Technologies, Inc., UBER

At the beginning of the week, Uber revealed it had swiftly accumulated a 19.5% ownership stake in Delivery Hero, supplemented by another 5.6% through options contracts. The investment bank Morgan Stanley facilitated the rapid buildup using derivative instruments.

According to Bloomberg’s sources, Uber has also engaged in conversations with other shareholders of Delivery Hero regarding its possible pursuit of a transaction.

Uber’s Official Position

In an official submission to German regulatory authorities, Uber clarified it presently holds no plans to increase its ownership to 30% or beyond — a level that would normally activate a compulsory takeover bid under European regulatory frameworks.

However, the company acknowledged it regularly assesses its investment portfolio and remains open to acquiring additional shares should a favorable opportunity emerge.

Uber further stated it has no intentions to alter Delivery Hero’s capital framework or seek influence over board member selections beyond its standard shareholder voting privileges.

The company may require regulatory clearance from antitrust authorities before surpassing specific ownership levels in Europe.

Delivery Hero’s Current Position

Shares of Delivery Hero have surged approximately 110% in Frankfurt over the preceding six-month period, bringing its market capitalization to around €10.2 billion.

The Berlin-based company manages food and grocery delivery operations in numerous international territories outside the United States, positioning it as a valuable strategic asset for any platform pursuing international expansion.

With guidance from financial advisors, Uber is actively evaluating methods to expand its ownership stake, according to Bloomberg’s reporting.

Discussions remain in progress, and sources emphasized that no guarantee exists that negotiations will culminate in a finalized agreement.