Uber's $15 Billion Delivery Hero Buyout Clears Key Hurdle as AV Strategy Expands

Insider Monkey·24 Sep 2026·

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4▲2 ▼0Impact / 5

M&A · Partnership Earnings Industry Ground Transportation

UBER ▲

DHER.XETRA ▲

Summary · why it matters

Uber Technologies is pressing ahead with its $15 billion acquisition of Delivery Hero, a deal that would give it access to 99 markets and $236 billion in pro forma gross bookings. The transaction, which has cleared a key hurdle, is central to Uber's push to scale its global delivery operations against rivals such as DoorDash and Just Eat Takeaway. Beyond delivery, Uber's autonomous vehicle strategy spans more than 30 partners and a $10 billion commitment toward infrastructure and offtake investments, as the company positions itself as a demand layer for driverless fleets rather than developing self-driving technology in-house. The growth story faces pressure, however: Uber's second-quarter revenue came in at $14.19 billion against a $14.24 billion analyst consensus, and its third-quarter earnings outlook fell below expectations. Competition is intensifying as Tesla begins Cybercab production and Waymo secures $16 billion in financing, moves that could reduce Waymo's reliance on Uber. Institutional interest remains significant, with hedge fund ownership slipping only from 153 funds in the first quarter of 2026 to 151 in the following quarter, and BlackRock holding 145.97 million shares, or 7.15% ownership.

Uber Technologies Inc ▲

Delivery Hero SE ▲