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Delivery Hero CEO Östberg to stay on beyond March 2027 amid Uber's takeover bid - Finance news and analysis from Global Banking & Finance Review
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Delivery Hero CEO Östberg to stay on beyond March 2027 amid Uber's takeover bid

Published by Global Banking & Finance Review

Posted on September 24, 2026

1 min read

· Last updated: September 24, 2026

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Delivery Hero CEO Östberg to Stay Beyond March 2027 Amid Uber Takeover

Östberg Extends Tenure as Uber Pursues Acquisition

CEO's Extended Commitment

Sept 24 (Reuters) - Delivery Hero said on Thursday that its co-founder and CEO Niklas Östberg would remain chief executive beyond March 31, 2027, contrary to the plans it had announced in May.

Reason for Change

The decision reflects a fundamentally changed situation related to Uber's ongoing takeover offer, Delivery Hero said.

Details of Uber's Takeover Offer

Deal Overview

In July, Uber agreed to buy Delivery Hero in a deal valuing the German food delivery company at an equity value of $14.8 billion to create the largest food-delivery group outside China.

Reporting Credits

(Reporting by Kira Britten in Gdansk, editing by Milla Nissi-Prussak)

Key Takeaways

  • Östberg’s stay reflects shifting priorities following Uber’s takeover bid.
  • Uber launched a €41.50/share offer in July 2026, valuing Delivery Hero at ~$14.8 billion.
  • Uber’s offer includes divestment of overlapping operations to SSW Partners for ~$1.6 billion to clear regulatory hurdles.

Frequently Asked Questions

Why is Delivery Hero CEO Niklas Östberg staying on beyond March 2027?
Niklas Östberg will remain as CEO due to changes stemming from Uber's ongoing takeover offer.
What prompted the change in leadership plans at Delivery Hero?
Uber’s takeover bid led Delivery Hero to retain CEO Niklas Östberg beyond the previously announced timeline.
How much is Uber’s deal to buy Delivery Hero valued at?
Uber agreed to buy Delivery Hero at an equity value of $14.8 billion.
What would the Uber and Delivery Hero deal create?
The deal would create the largest food-delivery group outside China.

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