Story perspectives

Prosus Sells 4.5% of Delivery Hero to Uber for €270M

4/17/2026

Summary

Story summary

Prosus sells a 4.5% stake in Delivery Hero to Uber for about €270 million ($318 million), reducing Prosus's holding from 26.3% to 21.8%.
The sale satisfies European Commission requirements tied to Prosus's acquisition of Just Eat Takeaway.
Delivery Hero CEO Niklas Östberg welcomed Uber's investment as a strong endorsement of their platform.
Uber plans Europe expansion, targeting $1 billion in gross bookings over three years amid industry consolidation.

History

Historical Context

In 2021, the European Commission approved Just Eat Takeaway's acquisition of Grubhub for $7.3 billion, marking a pivotal moment in the food delivery industry. This merger aimed to create the largest online food delivery service outside China. The ongoing consolidation, highlighted by Prosus's stake sale in Delivery Hero to Uber, reflects a trend toward larger entities shaping market dynamics and consumer choices.

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Story summary

Prosus sells a 4.5% stake in Delivery Hero to Uber for about €270 million ($318 million), reducing Prosus's holding from 26.3% to 21.8%.
The sale satisfies European Commission requirements tied to Prosus's acquisition of Just Eat Takeaway.
Delivery Hero CEO Niklas Östberg welcomed Uber's investment as a strong endorsement of their platform.
Uber plans Europe expansion, targeting $1 billion in gross bookings over three years amid industry consolidation.

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