Uber Drops €270M to Grow Its Delivery Hero Stake to 7%
Uber snaps up another 4.5% of Delivery Hero from Prosus as EU competition pressure forces the seller's hand.
Uber is deepening its bet on food delivery rival Delivery Hero. The ride-hailing giant has agreed to pay roughly €270 million to acquire an additional 4.5% stake in the German delivery company, bumping its total ownership to approximately 7%.
The seller is Prosus, Delivery Hero's largest shareholder, which is trimming its position under pressure from EU competition regulators. The deal signals Uber's continued appetite for strategic footholds in the global food delivery market — even when it means buying into a direct competitor.
For Prosus, the sale eases regulatory headaches while still keeping a significant chunk of its Delivery Hero holdings intact. For Uber, it's a relatively quiet way to build influence in European food delivery without a full acquisition.
The transaction underscores how competition scrutiny in Europe keeps reshaping ownership structures across the delivery sector.