Uber Buys $318 Million Delivery Hero Stake from Prosus as Part of Just Eat Remedy — Update

By Joshua Kirby

Uber is to take a fresh slice of food-delivery group Delivery Hero from Prosus for around 270 million euros ($318.2 million), part of a remedy agreed last year when the tech investor agreed to buy Just Eat Takeaway.

Amsterdam-listed Prosus--a subsidiary of investment firm Naspers and the largest shareholder in China's Tencent--said Friday that the stake to be divested to U.S. tech giant Uber makes up around 4.5% of Delivery Hero's capital. The price of 20 euros a share represents a roughly 22% premium to Delivery Hero's average share price for the last month, Prosus said.

Uber in 2024 said it was investing some $300 million in shares in Delivery Hero.

Delivery Hero chief executive Niklas Ostberg said Friday that he welcomed Uber's additional investment in the group.

"As a global tech leader, 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," Ostberg said.

Prosus's move to offload part of its stake in the Berlin-based group comes after it struck a deal last year to buy Just Eat Takeaway, a rival to both Delivery Hero and Uber, for some $4.8 billion. European Union antitrust authorities said the takeover could potentially hamper competition in food delivery in the bloc, and approved the deal only on the condition that Prosus dispose of most of its more than 26% stake in Delivery Hero. The company was given 12 months to shed most of its shareholding, the largest of any single investor.

"Today's transaction represents a step towards fulfilling those commitments," the company said. "Prosus remains committed to selling the relevant portion of its stake in Delivery Hero within the required timeframe."

Prosus could meanwhile sell another part of its stake to Delivery Hero's second-largest investor, Aspex Management, according to a media report last month. Aspex, a vocal critic of Ostberg, would in that scenario become the company's largest single shareholder.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

April 17, 2026 03:07 ET (07:07 GMT)