Gate News message, April 17 — Uber is acquiring a 4.5% stake in food delivery company Delivery Hero from Prosus for 270 million euros (US$318 million), increasing its holding in the firm. Prosus is selling the shares at 20 euros (US$24) each, representing a 22% premium to the stock’s one-month volume-weighted average price as of April 16.
The transaction reduces Prosus’s stake in Delivery Hero from 26.3% to 21.8%. However, the investment firm still needs to divest additional shares to meet commitments made to European Union regulators, who required Prosus to reduce its Delivery Hero holding below 10% as a condition for approving its 4.3 billion dollar acquisition of Just Eat Takeaway.com.
The deal reflects a potential shift in food delivery sector dynamics toward cross-ownership and consolidation. Uber’s investment supports Delivery Hero’s multi-vertical “Everyday App” strategy, which bundles food delivery, groceries, and other daily services. Delivery Hero’s Quick Commerce business, focused on fast delivery of convenience items, grew gross merchandise value by more than 30% to over 7.5 billion euros (US$8.84 billion) in 2025.
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