Observed Signal · Sep 23, 2026 · M&A - Announced · Source: Trending Topics (DACH/CEE Innovation & Tech) · Impact: 4/5 · Sentiment: Neutral
M&A Market: Uber's Delivery Hero Acquisition Faces EU Antitrust Scrutiny
The European Commission's Directorate-General for Competition (DG COMP) is examining Uber's planned acquisition of Delivery Hero, a deal valued at around €13 billion. The scrutiny focuses on whether to assess the main acquisition and the parallel sale of Delivery Hero's operations in 14 countries to SSW Partners jointly or separately. Uber is financing a large portion of SSW's €1.4 billion purchase of those markets. Industry players are lobbying regulators, and MEP Andreas Schwab has called for careful assessment. The deal involves Uber offering €41.50 per share for Delivery Hero, with an equity value of approximately $14.8 billion, and is expected to close in the second half of 2027. Regulatory approvals are required in several jurisdictions, including South Korea, the Middle East, and Latin America, with concerns remaining in Spain.
Major acquisition in the delivery and tech sector with significant antitrust implications affecting the European market.
Key Takeaways & Evidence Grounding
- European Commission's DG COMP is scrutinizing Uber's ~€13 billion acquisition of Delivery Hero, potentially assessing the main deal and SSW Partners sale jointly.
- Uber is offering €41.50 per share for Delivery Hero, equating to an equity value of ~$14.8 billion.
- Delivery Hero is selling its business in 14 countries to SSW Partners for ~€1.4 billion, financed largely by Uber.
- MEP Andreas Schwab has called for a thorough examination of the acquisition.
- The deal is expected to close in the second half of 2027, with regulatory approvals needed in South Korea, the Middle East, and Latin America.
Connected Companies & Entities
3 Entities mappedDelivery Hero
Global food delivery and retail media platform operator.
“Delivery Hero is being acquired by Uber and selling its business in 14 countries to SSW Partners....”
SSW Partners
Private investment firm executing cross-border business acquisitions and transformations.
“SSW Partners is purchasing 14 Delivery Hero markets, financed largely by a loan from Uber....”
Uber
Mobility, delivery, logistics and advertising platform with subscription layer.
“Uber is acquiring Delivery Hero and lending SSW Partners funds to finance the purchase of 14 country markets....”
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