Uber Buys Additional 4.5% Stake in Delivery Hero for $318 Million, Shares Rise 8.5%

TLDR

• Uber has agreed to acquire an additional 4.5% stake in Delivery Hero for approximately $318 million (270 million euros).
• The per-share price of 20 euros is lower than Delivery Hero’s Thursday closing price but represents a 22% premium over the 1-month average.
• Delivery Hero’s stock saw an increase of about 8.5% following the announcement.
• Prosus is divesting this stake as European regulators require it to reduce its holding in Delivery Hero to gain approval for its 4.1 billion euro Just Eat acquisition.
• Prosus’s ownership in Delivery Hero has decreased to approximately 21%, down from about 27% when the Just Eat deal was initially proposed.

(SeaPRwire) –   Uber is expanding its investment in Delivery Hero by agreeing to purchase an additional 4.5% stake from Prosus, Delivery Hero’s largest shareholder, for $318 million.

UBER HAS REACHED AN AGREEMENT TO ACQUIRE AN ADDITIONAL 4.5% STAKE IN DELIVERY HERO, TO ACQUIRE DELIVERY HERO SHARES AT €20 APIECE – FT

— First Squawk (@FirstSquawk) April 17, 2026

The agreed-upon price is 20 euros per share. While this is below Delivery Hero’s closing price on Thursday, which followed a 7% rise, Prosus states that it signifies a 22% premium compared to the average share price over the past month.

Delivery Hero’s stock rose by approximately 8.5% on the news, while Uber’s stock saw a gain of about 0.8%.

Uber Technologies, Inc., UBER

This transaction is not Uber’s first investment in Delivery Hero; the company previously acquired $300 million worth of newly issued Delivery Hero stock in 2024. Friday’s deal represents a subsequent investment.

The context of this deal is significant. Prosus had previously agreed to acquire Just Eat Takeaway.com for 4.1 billion euros. The European Commission indicated its approval of this deal, contingent upon Prosus reducing its stake in Delivery Hero substantially.

Prosus held approximately 27% of Delivery Hero at the time the Just Eat deal was announced. This holding has now been reduced to roughly 21%. The company has affirmed its commitment to selling the necessary portion of its stake within the stipulated timeframe.

This suggests that further sales of Delivery Hero shares by Prosus may occur.

EU Merger Rules in the Spotlight

This acquisition occurs at a notable juncture for European competition policy. Reports from the Financial Times this week indicate that the European Commission is considering a relaxation of rules governing large mergers.

The Commission is reportedly evaluating whether to give greater weight to factors such as “innovation, investment, and the resilience of the internal market” when assessing proposed deals.

Europe’s competition commissioner, Teresa Ribera, informed the FT that the EU aims to foster “pro-competitive mergers” that enable European companies to maintain their competitiveness on a global scale.

Prosus CEO Fabricio Bloisi has been an outspoken advocate on this issue. In a January interview with CNBC, he argued that large-scale mergers are essential for global competitiveness and that Europe’s history of blocking consolidation has hindered the region’s progress.

“We have to change that to create really big companies in Europe,” Bloisi stated.

The Numbers

Uber is acquiring the 4.5% stake at a price of 20 euros per share, resulting in total gross proceeds of approximately 270 million euros, or $318 million, for Prosus.

Delivery Hero’s stock had already experienced a significant increase prior to the confirmation of the deal, rising by about 7% on Thursday. The 8.54% surge on Friday further boosted the stock, with the DHER-FF ticker gaining 1.69 euros on the day.

Prosus (PRX-NL) was up approximately 0.4% at the time of reporting.

The Just Eat deal is still awaiting regulatory approval. Prosus will need to continue reducing its Delivery Hero holdings to meet the European Commission’s requirements.