Uber Raises Stake in Delivery Hero to Become Largest Shareholder
Uber acquired additional shares in Delivery Hero, increasing its ownership to 19.5 percent of issued capital plus 5.6 percent in options. Delivery Hero said the move supports its platform and Everyday App strategy. The investment occurs as Uber and Naver explore acquiring Woowa Brothers from Delivery Hero.
benzinga.comUber has acquired an additional stake in Delivery Hero, becoming the German company's largest shareholder, Delivery Hero said Tuesday. 6 percent in options. Delivery Hero welcomed the additional investment as a further endorsement of its platform and Everyday App strategy.
Uber does not intend to increase its stake in Delivery Hero to 30 percent, according to media reports citing the company's regulatory filing.
The additional investment comes amid local reports that Uber and South Korea's Naver Corp. are seeking to take control of Baedal Minjok, the largest food delivery app in the country. The app's operator, Woowa Brothers, is owned by Delivery Hero. Earlier in the day, Naver said in a regulatory filing that it has yet to reach a decision on the acquisition but is exploring various options to strengthen business competitiveness.
37 billion, to purchase its entire stake in Woowa Brothers. The German company is reportedly seeking to sell Woowa Brothers and has appointed JP Morgan Chase & Co. as the sales adviser. Delivery Hero acquired an 87 percent stake in Woowa Brothers for about US$4 billion in 2019.
Key Facts
Story Timeline
3 events- May 19, 2026
Delivery Hero announced Uber increased its stake to 19.5 percent plus 5.6 percent in options.
1 sourceYonhap - May 19, 2026
Naver stated it has not decided on acquiring Woowa Brothers but is exploring options.
1 sourceYonhap - 2019
Delivery Hero acquired an 87 percent stake in Woowa Brothers for about US$4 billion.
1 sourceYonhap
Potential Impact
- 01
Delivery Hero may sell its stake in Woowa Brothers to Uber and Naver.
- 02
Ownership of South Korea's largest food delivery app could change hands.
Transparency Panel
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