Uber Builds 19.5% Stake in Delivery Hero Amid Takeover Speculation

Key Facts

In a move reflecting Uber's ambition to dominate the global food delivery market, the company disclosed a 19.5% stake in Delivery Hero, plus an additional 5.6% through stock options. This strategic position was accumulated with the assistance of Morgan Stanley traders to bolster Uber Eats' international footprint. Uber stated it currently has no intention of increasing its stake in the German firm beyond 30%, according to Bloomberg News reports.

This development comes amid intensifying competition with DoorDash, as Uber seeks to leverage Delivery Hero's operations across more than 60 countries. Per market data, Delivery Hero shares have surged approximately 50% year-to-date, driven by potential takeover scenarios. This move mirrors previous sector consolidation, such as DoorDash's acquisition of Wolt for roughly $8.1 billion in 2022 to fuel international growth, according to historical financial filings.

Investors are now monitoring Uber shares, which closed at $202.51 on May 21, 2026, and Delivery Hero's London-listed shares (0QYU.L). On the economic front, traders are looking ahead to German and Eurozone inflation data next week to gauge consumer purchasing power. Markets will also watch for further disclosures regarding Uber's 30% threshold, which could trigger mandatory takeover requirements under German law.