Delivery Hero jumps on Uber approach

Delivery Hero (DHERd) shares surged on May 25, 2026 after press coverage of a potential takeover approach from Uber (UBER). In Frankfurt trading at 09:27 a.m., the stock was up 9.8% at €36.88, reflecting a sharp positive reaction to the latest reports.

At 07:05 GMT the same day, Delivery Hero (DHERd) was trading around €37, its highest level in 18 months. At those prices, the company was valued at about €11.2 billion, underscoring the scale of the market response to the possible transaction.

Multiple news outlets reported an indicative proposal from Uber (UBER) that valued Delivery Hero at approximately €33 per share. The implied headline valuation cited in coverage was around €10 billion, or about $11.6 billion.

The €33-per-share level from the reported proposal became a key reference point for investors on May 25. It was widely mentioned across business media as the figure underpinning the indicative approach to Delivery Hero.

By mid-morning in Frankfurt, Delivery Hero’s €36.88 share price was trading roughly 13% above the indicative €33-per-share level reported in the press. Prices near €37 remained clearly above that reference figure.

The gap between the trading price and the reported indicative level suggested that investors were adjusting their expectations for the potential deal economics. Market participants appeared to be incorporating the possibility that any completed transaction could involve terms different from the initial indicative figure.

Major financial news outlets framed the share price move in the context of Uber’s interest in Delivery Hero. Headlines from Reuters, the Wall Street Journal, Bloomberg and CNBC highlighted the takeover angle and the sharp rally in the stock.

Coverage emphasized that the move to an 18‑month high was closely tied to the reported Uber approach and the associated valuation benchmarks. Reports also underlined that the indicative nature of the proposal left scope for further developments around a possible deal.