Uber Technologies has agreed to acquire German-based Delivery Hero for approximately €13 billion (US$14.8 billion), merging two of the world’s largest food-delivery and mobility platforms. The combined entity will serve over 99 countries, with a pro-forma gross merchandise volume of $236 billion, according to details of the transaction. The move brings brands including Glovo, FoodPanda, PedidosYa, and HungerStation under Uber’s operational control.

The all-share voluntary public offer prices Delivery Hero at €41.50 per share, a 127% premium over the level three months ago. Uber, which already held a 25% stake, has committed to maintaining the Berlin headquarters until at least 2029 and to investing €2 billion in Germany by 2031, with a focus on workforce expansion and autonomous-vehicle partnerships. The acquisition is subject to regulatory approvals and is expected to take several months to close.

Viewed from Southeast Asia, the deal places FoodPanda operations in markets such as Malaysia and Singapore under Uber’s umbrella, though local units have yet to issue formal statements. In Latin America, PedidosYa—dominant in Argentina and present across the region—will be absorbed, intensifying competition with remaining local players. In Indonesia, ride-hailing firm Maxim has responded to market pressures by cutting its commission to 8% from 20%, a policy it says lifted driver incomes by nearly 5% but which may strain operational budgets. Analysts in the region view the move as a defensive play to retain drivers as global consolidation accelerates.

The transaction will undergo antitrust review in multiple jurisdictions. Until clearance is obtained, existing brands are expected to operate independently. The next milestone to watch is the start of formal regulatory scrutiny in Brussels and key Asian capitals.