Uber Buys $318 Million Stake in Delivery Hero to Fulfill Competition Regulations

Uber bought an approximately $318 million stake in German delivery platform Delivery Hero from Dutch technology investment company Prosus, the European companies announced on April 17.

Delivery Hero, started in 2011 as a food delivery service, said the nearly 13.6 million shares sold to Uber represent around 4.5 percent of its shares outstanding.

“We welcome Uber’s additional investment in Delivery Hero. As a global tech leader, Uber’s increased position is a meaningful endorsement of our platform, our strategy, and our ongoing work to deliver long-term value for all shareholders,” CEO and co-founder Niklas Ostberg said.

Prosus said the sale price of 20 euros a share was a 22 percent premium over Delivery Hero’s average trading price over the past month.

According to Prosus, the sale of this stake represents part of its commitment from a prior deal.

In August 2025, Prosus acquired Dutch food delivery company Just Eat Takeaway.com, which was approved by the European Commission if Prosus significantly reduced its ownership of Delivery Hero so it would no longer be the largest shareholder, per competition regulations.

“Our ambition is clear: to build a true European tech champion and lead the next chapter in food delivery innovation,” Prosus CEO Fabricio Bloisi said.

Prosus still needs to sell more of its stake in Delivery Hero by August.

For Uber, this purchase follows many other investments and acquisitions by the San Francisco-based delivery company.

Last month, it invested up to $1.25 billion in Rivian to help deploy 10,000 autonomous robotaxis. A sum of $300 million was committed upfront, with the remaining capital dependent on milestones that weren’t disclosed.

The companies said the autonomous taxi system will be deployed through the Rivian R2, Rivian’s upcoming electric SUV, and will be released in San Francisco and Miami in 2028, with expectations to expand the robotaxis to 25 cities across the United States, Canada, and Europe by 2031.

On Feb. 23, Uber also announced its plans to acquire parking app SpotHero to bring parking reservations onto the Uber app.

On Feb. 25, Uber and Joby Aviation announced the launch of their electric “air taxi” aircraft, and on Feb. 9, Uber also announced it will acquire Turkey-based Getir’s delivery business to expand its Uber Eats offerings.

Uber stock is down 5.6 percent since the start of the year. The company became profitable in 2023 and had more than $10 billion in earnings last year.