An Uber Eats delivery worker photographed in Krakow, Poland on August 21, 2025.
Jakub Porzycki | Null Photo | Getty Images
Uber On Friday, it agreed to buy an additional 4.5% stake in the German food delivery company. delivery hero From the company’s largest shareholder prosus.
Total proceeds to Prosus are approximately 270 million euros ($318 million), the company said. Uber will pay 20 euros per share, below Delivery Hero’s Thursday closing price, where its shares rose 7%. However, this represents a 22% premium over the average monthly share price, Prosus said.
The move comes after Prosus offered a deal to acquire the European food delivery giant last year. Just Eat Takeaway.com For 4.1 billion euros. However, the deal came under scrutiny from the EU’s executive body, the European Commission, which said it would approve the deal if Prosus significantly reduced its shareholding in Delivery Hero.
“Prosus remains committed to selling the relevant portion of its stake in Delivery Hero within the required period,” the company said in a press release on Friday.
Prosus now owns about 21% of Delivery Hero, up from about 27% when the partnership with Just Eat Takeaway.com was announced last year, a spokesperson told CNBC.
Uber first acquired a stake in Delivery Hero in 2024 when it purchased $300 million worth of newly issued shares.
Since last year’s Just Eat deal with Prosus, European regulators have been rethinking their approach to mergers within the EU. The Financial Times reported this week that the European Commission is considering relaxing rules on large mergers by giving greater weight to “innovation, investment and internal market resilience” when considering deals.
European Competition Commissioner Teresa Rivera told the FT in an interview that the EU wants to encourage “pro-competitive mergers” so that European companies can become “relevant players on the global market.”
Prosus CEO Fabricio Broisi has previously criticized Europe’s approach to mergers and acquisitions.
Broisis said in an interview with CNBC in January that big mergers are needed to compete globally, but Europe’s approach has discouraged consolidation.
“If we are to create really big companies in Europe, this has to change,” Bloisi told CNBC.
