Uber considering increased offer for Delivery Hero, reports FT

• Uber is considering increasing its offer above the initial bid that valued Delivery Hero at over 11.5 billion euros ($13.39 billion)
• The board meeting took place on Saturday to deliberate on the higher offer for the German food delivery group
• Reuters was unable to independently verify the Financial Times report at the time of publication

Summary:

Uber Technologies is considering raising its acquisition offer for Delivery Hero, the German food delivery company, according to a Financial Times report. Uber's board convened on Saturday, May 24, to discuss increasing the bid, which would value Delivery Hero at over €11.5 billion ($13.39 billion).

This development follows Delivery Hero's confirmation of receiving a takeover offer from Uber on May 23. The potential acquisition represents a significant move in the food delivery sector consolidation, with Uber seeking to expand its international presence through Delivery Hero's established markets.

Key Details:

• Valuation: Over €11.5 billion (~$13.39 billion)
• Companies involved: Uber Technologies (bidder) and Delivery Hero (target)
• Timeline: Board meeting held Saturday, May 24, 2026
• Exchange rate: $1 = €0.8590

Market Implications:

The proposed deal would substantially strengthen Uber's position in the global food delivery market, particularly in regions where Delivery Hero maintains strong operations. This consolidation move reflects ongoing industry trends toward scale and market dominance in the competitive delivery sector.

Related reporting indicates other major players are also exploring acquisitions, with Uber and DoorDash reportedly sounding out investors about Delivery Hero bids as of May 23.

The increased offer consideration suggests potential competition for the deal or initial valuation challenges, though Reuters could not immediately verify the FT report. Investors should monitor for official announcements regarding final bid terms and regulatory approval processes, which will be critical for deal completion.