Uber’s EUR 13 billion agreement to acquire Germany‑based Delivery Hero will create the largest food‑delivery group outside China, according to the filing.
Deal structure and geographic scope
The transaction covers Delivery Hero’s operations in 99 jurisdictions spanning Europe, South America and the Middle East. Uber will take over the foodpanda network in Bangladesh, Cambodia, Hong Kong, Laos, Malaysia, Myanmar, Pakistan, the Philippines and Singapore, as well as the South Korean business operating under the Baedal Minjok brand.
As part of the broader arrangement, the company has signed a separate agreement with New York‑based investment firm SSW Partners for EUR 1.4 billion. That side deal will see SSW Partners acquire assets in 14 markets, primarily in Europe and South America.
The merger will be subject to multiple antitrust and regulatory approvals. Completion is projected for the second half of 2027, the source notes.
Legal advisers and their roles
Eight firms have been involved. Morrison & Foerster advised the supervisory board on legal and strategic aspects, including executive compensation. Berlin‑based partner and co‑head of the firm’s European M&A practice Dirk Besse led the team, supported by partners Sebastian Schwalme and Alexander Israel, counsel Julian Gebauer and Jakob Tybus, and senior associates Omid Ebrahimzadeh and Christin Dunkel.
Sullivan & Cromwell acted as counsel, with Frankfurt managing partner Carsten Berrar, partner Florian Späth and European counsel Lars Rueve on the team.
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Clifford Chance handled antitrust and regulatory matters, represented by head of the UK antitrust practice Nelson Jung and partner Stavroula Vryna.
Freshfields advised Uber, fielded by global managing partner Rick van Aerssen, global co‑head of tech, media and telecoms Lars Meyer, and partners Sabrina Kulenkamp, James Aitken and Vanessa van Weelden. Legal adviser Wachtell Lipton Rosen & Katz served the ride‑sharing firm, led by co‑chair of the executive committee Andrew Nussbaum and partner Ahsan Barkatullah. Baker Botts, Gibson Dunn and Hengeler Mueller represented SSW Partners in its transaction with the company.
The deal positions Uber to better compete with food‑delivery platforms Just Eat and DoorDash.
The agreement also includes a public takeover offer that will run alongside the sale of various markets and businesses by the company to SSW Partners, the filing states.
Regulatory clearance will be required in each of the 99 jurisdictions, a task given differing competition laws.
Overall, the transaction reflects a strategic push by Uber to expand beyond ridesharing and solidify its position in the global food‑delivery market.
