Uber agreed to buy an additional 4.5% of Delivery Hero for about €270 million, paying €20 per share to Prosus, the Dutch group that holds the German food‑delivery giant’s largest stake. The price sits just under Delivery Hero’s €20.14 close but still commands a 22% premium to the one‑month average. The deal lifts Uber’s holding to roughly 7%.

Prosus must trim its roughly 27% stake to single‑digit levels by August 2026 to satisfy EU antitrust rules tied to its €4.1 billion acquisition of Just Eat Takeaway. Selling the 4.5% slice to Uber satisfies part of that requirement while shuffling the ownership of a company whose shares have slumped more than 80% over five years, now valuing it at just over €6 billion.

The purchase arrives as Uber expands its Uber Eats footprint into seven new markets, echoing DoorDash’s £2.9 billion takeover of Deliveroo last year. Hedge fund Aspex, a 9% Delivery Hero shareholder, has threatened to oust CEO Niklas Östberg unless the firm streamlines its portfolio, adding pressure for further divestitures. Uber’s opportunistic buy deepens its stake in a struggling European player now operating under brands such as Talabat, Glovo and Foodpanda.