Uber announced a Business Combination Agreement to launch a voluntary public takeover offer for Delivery Hero at €41.50 per share in cash, aiming to close in the second half of 2027 subject to regulatory approvals and a majority acceptance threshold. To support the transaction, Uber secured a €14.2 billion senior unsecured bridge facility maturing 364 days after the Closing Date, with interest tied to Uber’s debt ratings and customary fees and covenants. If completed, Delivery Hero would become a majority-owned indirect subsidiary of Uber, enhancing its global delivery scale. The agreements include standard termination rights and potential termination fees under specified conditions.
Agreement 1: Uber Launches €41.50-Per-Share Takeover of Delivery Hero via Business Combination Agreement
- Agreement type: Business Combination Agreement for voluntary public takeover offer (€41.50 per share)
- Counterparty: Delivery Hero
- Signed / Effective: Jul 16 2026 / Jul 16 2026
- Duration / Termination: Until offer completion or termination
- Reason: Expand global delivery footprint and consolidate Delivery Hero
Agreement 2: Uber Secures €14.2 Billion 364-Day Bridge Financing Led by Morgan Stanley
- Agreement type: Senior unsecured bridge credit facility (€14.2 billion)
- Counterparty: Lenders led by Morgan Stanley Senior Funding
- Signed / Effective: Jul 16 2026 / Jul 16 2026
- Duration / Termination: 364 days after the Closing Date
- Reason: Finance takeover, related costs, and refinance Delivery Hero debt
Original SEC Filing:
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