Finance
Prosus to Sell 4.5% Stake in Delivery Hero to Uber for $318 Million
Published by Global Banking & Finance Review®
Posted on April 17, 2026
3 min readLast updated: April 17, 2026
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Prosus is selling a 4.5% stake in Delivery Hero—13.6 million shares at €20 each—to Uber for about €270 million (~$318 million), trimming its holding to 21.8% to meet EU conditions tied to its Just Eat Takeaway acquisition.
Uber's Delivery Hero stake boosted by Prosus' $318 million share sale
Prosus Sells Stake in Delivery Hero to Uber
April 17 (Reuters) - Dutch technology investor Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about 270 million euros ($318.06 million), making the ride-hailing group the fourth-largest shareholder in the Berlin-based food-delivery group.
The sale advances Prosus' compliance with conditions set by the European Commission for its acquisition of Just Eat Takeaway, which required the company to cut its Delivery Hero stake to address food delivery competition concerns.
Details of the Deal
The deal, announced on Friday, makes Uber the fourth largest Delivery Hero shareholder with a stake worth more than $600 million, according to Reuters calculations and LSEG data.
Market Reaction
"Uber's increased position is a meaningful endorsement of our platform, our strategy, and our ongoing work to deliver long-term value for all shareholders," said Delivery Hero CEO Niklas Oestberg in a statement.
Delivery Hero's shares were up 2.9% at 0808 GMT and are up 22% so far this week. They have lost over a fifth of their value from the beginning of 2025.
Uber's Expansion in Europe
The acquisition comes as Uber is expanding aggressively in Europe, with plans to launch food-delivery services in markets including Austria, Czech Republic, Denmark, Greece, and Romania, targeting an additional $1 billion in gross bookings over three years.
Analyst Perspectives
Not a Prelude to a Takeover
NOT A 'PRELUDE TO A DH TAKEOVER'
"We wouldn't rush into seeing this as a prelude to a DH takeover," analysts at Jefferies wrote in a note to clients. They highlighted a greater market overlap between the two groups in Europe than between Delivery Hero and Prosus' Just Eat Takeaway.
Foodpanda Deal Termination
In March 2025, Uber terminated an agreement to buy Delivery Hero's Foodpanda business in Taiwan after Taiwan blocked the $950 million deal because of competition concerns.
A separate agreement for Uber to buy $300 million worth of newly issued Delivery Hero shares was not affected by the termination of the Foodpanda deal.
Prosus' Future Plans
Reduction of Stake
Prosus said on Friday it is selling 13.6 million Delivery Hero shares at 20 euros each, reducing its stake to 21.8% from 26.3%.
Analyst Criticism
"We are baffled by Prosus' actions here," Jefferies analysts also said, given the low strike price, lack of imminent pressure to sell and EU plans to relax merger rules.
Prosus is looking to reduce its Delivery Hero stake to single digits.
Additional Information
($1 = 0.8489 euros)
(Reporting by Raechel Thankam Job, Yamini Kalia in Bengaluru and Linda Pasquini in Gdansk; Editing by Mrigank Dhaniwala and Jane Merriman)
Key Takeaways
- •The sale helps Prosus comply with EU antitrust mandates requiring a steep reduction in its Delivery Hero stake following its acquisition of Just Eat Takeaway (cincodias.elpais.com).
- •The shares were sold at €20 each, representing a ~22% premium to the 1‑month VWAP, easing concerns over forced selling pressure (reddit.com).
- •Prosus still must reduce the remaining stake to below 10% within 12 months, per EU commitments tied to the €4.1 billion Just Eat deal (prosus.com)
References
Frequently Asked Questions about Prosus to sell 4.5% stake in Delivery Hero to Uber for $318 million
1How much of its Delivery Hero stake is Prosus selling to Uber?
Prosus is selling a 4.5% stake in Delivery Hero to Uber, amounting to 13.6 million shares.
2What is the value of the Delivery Hero shares being sold?
The shares are being sold for about 270 million euros, equivalent to $318.06 million.
3Why is Prosus selling part of its Delivery Hero stake?
The sale is to comply with European Commission conditions following Prosus’ acquisition of Just Eat Takeaway.
4What will Prosus' new shareholding in Delivery Hero be after the sale?
After the sale, Prosus' stake in Delivery Hero will be reduced to 21.8% from 26.3%.
5At what price per share is Prosus selling Delivery Hero stock?
Prosus is selling its Delivery Hero shares at 20 euros each.
