Delivery Hero SE: Potential Takeover Interest from Uber Technologies

Delivery Hero SE, the Berlin‑based operator of a global food‑delivery platform, confirmed that it had been approached by Uber Technologies regarding a possible takeover offer. The disclosure was made in an ad‑hoc filing to the German securities market on 23 May 2026.

Key points from the announcement

  • Approach by Uber – Delivery Hero stated that it had received a preliminary contact from Uber Technologies with the intention of exploring a full acquisition of the company. No valuation or formal offer has been disclosed.
  • Regulatory filing – The information was filed in accordance with § 40(1) of the German Securities Trading Act (WpHG), which requires disclosure of material information that could influence the price of the company’s shares.
  • Market reaction – Following the announcement, the stock of Delivery Hero on the Frankfurt Xetra exchange fell by approximately 0.4 %. In the U.S. market, the share price increased around 6 % after news of a potential takeover surfaced on the Tradegate platform, reflecting differing investor sentiment across regions.
  • No immediate change to management – Delivery Hero’s board and executive team remain unchanged. The company indicated that it is not in a position to negotiate a deal at this time and will continue to evaluate the approach.

Context and background

  • Industry position – Delivery Hero operates in the consumer‑discretionary sector, providing online ordering services for a wide range of products including food, groceries, flowers, coffee, and medicines. The company serves customers worldwide and is listed on the Frankfurt Stock Exchange.
  • Recent corporate activity – In the days preceding the takeover inquiry, the company executed a routine sale of 8,581 shares by Dr. Johannes Bruder at a price of EUR 32.12765228 per share as part of the settlement of Restricted Stock Units (RSUs) and Performance Share Units (PSUs). This transaction, disclosed under Article 40(1) of the WpHG, was unrelated to the potential takeover.
  • Previous speculation – Bloomberg reports and other market analysts had earlier suggested that Uber might consider a full acquisition of Delivery Hero. The recent formal acknowledgement from Delivery Hero confirms that the conversation is not merely speculative.

Outlook

Delivery Hero has not yet indicated whether it would consider Uber’s proposal or if it would pursue alternative strategic options, such as a merger or a continued independent operation. The company’s next steps will likely involve a formal valuation discussion, due‑diligence arrangements, and regulatory review before any definitive agreement could be reached.

Investors and market participants will monitor Delivery Hero’s subsequent disclosures for further information regarding the potential transaction, including any changes in ownership structure, share price movements, and regulatory filings.