The potential acquisition, reportedly priced at roughly €41 per share, follows months of persistent speculation regarding the German company’s future. Uber’s initial overture in May, priced at €38 per share, was rejected by investors as insufficient, prompting this revised offer. To secure the deal, Delivery Hero is planning to divest its Turkish subsidiary, Yemeksepeti, alongside various European assets. This strategic split aims to mitigate regional market overlap and preempt likely challenges from antitrust regulators concerned about the consolidation of delivery services.

While Delivery Hero confirmed it is in advanced negotiations, both companies have remained quiet regarding the specific terms. The final structure remains fluid, and officials familiar with the discussions cautioned that the timeline could shift. If successful, the purchase would significantly bolster Uber Eats' footprint in Latin America and beyond, marking one of the most aggressive expansions in the sector to date.