Delivery Hero’s management and supervisory boards have recommended that shareholders accept Uber’s €13 billion takeover offer, moving the proposed combination of two of the world’s biggest mobility and delivery businesses a significant step forward.
The Berlin-based company said its two boards independently reviewed the terms of Uber’s offer and concluded that the €41.50 cash price for each Delivery Hero share was fair and adequate. Shareholders have until November 5, 2026, to accept the offer.
The development is particularly significant for Nigeria because Glovo, the food and grocery delivery platform operating in the country, is part of Delivery Hero’s portfolio of businesses covered by the proposed Uber acquisition. Brandspur Brand News reports that the transaction could therefore reshape the competitive landscape for app-based delivery services in Nigeria and several other emerging markets.
Uber first announced its intention to acquire Delivery Hero on July 16. Under the agreement, shareholders are being offered €41.50 per share, giving Delivery Hero a fully diluted equity valuation of about €13 billion.
The offer represents a premium of about 127 per cent over Delivery Hero’s unaffected three-month volume-weighted average share price up to May 8, 2026. The company’s boards said the transaction was in the interests of shareholders, employees and other stakeholders.
If completed, the deal would considerably expand Uber’s international delivery footprint. Uber said the combined platform would operate across 99 markets, while the number of markets in which it can provide both mobility and delivery services would rise from 34 to 58.
For Nigerian consumers and merchants, Glovo is the most immediately relevant part of the transaction. Delivery Hero operates the brand across several markets, including Nigeria, Kenya, Morocco, Tunisia, Uganda and a number of European and Asian countries.
The acquisition does not mean an immediate change in Glovo’s Nigerian operations. Uber and Delivery Hero are expected to continue operating independently until the transaction is completed, subject to regulatory approvals and other closing conditions.
The takeover also remains subject to shareholders representing at least 50 per cent plus one share accepting the offer, alongside required merger-control and financial regulatory clearances.
Uber already has substantial exposure to Delivery Hero. Before launching the offer, it held about 24.77 per cent of the company’s voting shares directly and had further economic exposure of about 11.74 per cent through equity instruments. An irrevocable commitment covering another 16.68 per cent of Delivery Hero shares would take Uber’s total economic interest above 53 per cent.
Not all of Delivery Hero’s operations will ultimately fall under Uber. A separate agreement will see investment firm SSW Partners acquire businesses in 14 markets, particularly territories where Uber Eats and Delivery Hero already have overlapping operations. Glovo businesses in Nigeria, Kenya and several other African markets, however, are among the operations designated for acquisition by Uber.
Uber has also made commitments concerning Delivery Hero’s German operations, including retaining the company’s headquarters in Berlin until at least 2029.
The proposed takeover brings together Uber’s global mobility and delivery infrastructure with Delivery Hero’s network of local delivery businesses, which spans food delivery, groceries and quick commerce.
Delivery Hero began as a food delivery company in 2011 and has since expanded across Asia, Europe, Latin America, the Middle East and Africa. Glovo has become one of its major international brands and gives the group a direct presence in Nigeria’s growing app-based delivery market.
The acceptance period for Uber’s offer opened on August 27 and is scheduled to close on November 5, 2026. Completion of the transaction is expected in the second half of 2027, provided the required shareholder and regulatory conditions are met.
