M&A Deal Summary

Uber Acquires foodpanda

On May 13, 2024, Uber acquired internet software and services company foodpanda from Delivery Hero for 950M USD

Acquisition Highlights
  • This is Uber’s 5th transaction in the Internet Software and Services sector.
  • This is Uber’s 5th largest (disclosed) transaction.
  • This is Uber’s 1st transaction in Germany.

M&A Deal Summary

Date 2024-05-13
Target foodpanda
Sector Internet Software and Services
Buyer(s) Uber
Sellers(s) Delivery Hero
Deal Type Divestiture
Deal Value 950M USD

Target

foodpanda

Berlin, Germany
foodpanda is a global online food delivery marketplace, active in 40 countries on five continents. foodpanda was formed in 2012 and is based in Berlin, Germany.

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Buyer(S) 1

Buyer

Uber

San Francisco, California, United States

Category Company
Founded 2009
Sector Internet Software and Services
Employees31,100
Revenue 44.0B USD (2024)
DESCRIPTION
Uber service center in Chicago, Illinois.
Uber service center in Chicago, Illinois.

Uber develops, markets, and operates a mobile-app-based transportation network. Uber connects passengers with a variety of drivers for both personal and food delivery. Uber was formed in 2009 and is based in San Francisco, California.


DEAL STATS #
Overall 12 of 14
Sector: Internet Software and Services M&A 5 of 6
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-15 Drizly

Boston, Massachusetts, United States

Drizly is a technology company powering shopping experience for beer, wine, and liquor. Drizly was founded in 2012 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 Trendyol GO

Istanbul, Turkey

Trendyol GO is a food delivery platform. Trendyol GO was founded in 2010 and is based in Istanbul, Turkey.

Buy $700M

Seller(S) 1

SELLER

Delivery Hero

Berlin, Germany

Category Company
Founded 2011
Sector Internet Software and Services
Employees44,612
Revenue 12.3B EUR (2024)
DESCRIPTION

Delivery Hero is a worldwide network of online food ordering sites with restaurants connected to its service across 5 continents. Delivery Hero was founded in 2011 and is based in Berlin, Germany.


DEAL STATS #
Overall 8 of 8
Sector: Internet Software and Services M&A 8 of 8
Type: Divestiture M&A Deals 8 of 8
Country: Germany M&A 4 of 4
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Yogiyo

Seoul, South Korea

Yogiyo is an online food delivery platform allows users to order food from their favorite restaurants. Yogiyo is based in Seoul, South Korea.

Sell -