Uber (UBER) Offers $11.6B for Delivery Hero (DHER-DE) as Food Delivery Race Turns to Robots

Uber Technologies proposed to acquire German food delivery platform Delivery Hero for $11.6 billion, the companies confirmed on Sunday, as global delivery giants consolidate and position for an autonomous and robotic logistics era. The €33-per-share bid values Delivery Hero above its pre-offer market price. On Tuesday, Delivery Hero shares rose 3% to €38.75 on the Xetra exchange, giving it a market capitalization of around €11.4 billion ($13.3 billion) — above Uber’s initial offer — which may force a higher bid. Uber shares fell 2.4%, reflecting investor concerns over integration risks. Uber already holds a combined 25% stake. The move carries defensive weight as DoorDash has shown interest in Delivery Hero’s assets and last year acquired Deliveroo. Analysts said the deal would cement Uber’s global platform and speed its pivot to automated delivery, with Amazon having just launched 30-minute grocery service in dozens of U.S. cities, intensifying the infrastructure race.