Uber to Take over Glovo and Talabat Africa in €14.8B Deal

In Short

• Uber has agreed to buy Delivery Hero for €14.8 billion.
• The deal would move Glovo’s African operations and Talabat’s Egypt business under Uber.
• A separate sale to SSW Partners is designed to reduce competition concerns in overlapping markets.

What Happened

Uber is buying Delivery Hero in a €14.8 billion all-cash takeover, and Uber will inherit major African food delivery operations as part of the deal.

Delivery Hero operates delivery brands in more than 60 countries. Under the agreement, Uber is offering €41.50 per share for the Frankfurt-listed group.

To address antitrust risk, Delivery Hero also agreed to sell 14 businesses to SSW Partners for about $1.6 billion. Antitrust rules are competition rules, they can block deals that create a dominant player in a market.

If approved, Uber would keep Delivery Hero’s operations in 50 markets, including all of Glovo in Africa, Côte d’Ivoire, Kenya, Morocco, Nigeria, Tunisia, and Uganda. Uber would also take control of Talabat in Egypt, which is described as a sizeable and leading operation.

Uber said the deal nearly doubles the number of markets where it runs ride-hailing and delivery together. That pairing is central to Uber’s cross-platform strategy, meaning it tries to serve the same users and drivers across multiple services.

Why It Matters

For Africa’s on-demand delivery market, this could quickly change competitive dynamics. Uber would gain stronger positions in cities like Nairobi, Lagos, and Casablanca, where delivery demand is growing alongside smartphone adoption.

The deal could also put more pressure on rivals like Bolt Food, local startups, and informal courier networks. For restaurants and merchants, scale can mean more order volume, but it can also mean tougher terms if competition drops.

The acquisition is not final. It still needs a minimum acceptance threshold of 50% plus one share, and regulatory approvals across multiple jurisdictions. Uber has lined up about €14 billion in bridge financing and says it plans to keep leverage below two times to protect its credit rating.