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Uber Technologies Inc. is in advanced talks to acquire Delivery Hero SE, the German parent company of Yemeksepeti, Türkiye's dominant food delivery platform, Bloomberg News reported Tuesday. Sources familiar with the matter say a deal could be reached as early as this week, at a price above Delivery Hero's current trading level of around €36 per share.
The potential takeover would mark the most consequential consolidation yet in Türkiye's online food delivery sector.
Uber already controls Trendyol Go, which it acquired for $694 million in June 2025, giving the company an 85 percent stake in the food and grocery delivery arm of Istanbul-based e-commerce group Trendyol.
A successful Delivery Hero deal would add Yemeksepeti to that position, placing two of Türkiye's biggest delivery platforms under a single corporate owner.
Founded in Istanbul in 2001, Yemeksepeti is Türkiye's first online food ordering platform and currently operates across all 81 provinces of the country, connecting millions of users with tens of thousands of restaurants, as well as running its own quick-commerce service, Yemeksepeti Market.
Delivery Hero acquired it in May 2015 for $589 million, at the time the largest internet acquisition in the country's history, and has operated it as its flagship brand in Türkiye ever since.
Uber's entry into Türkiye's delivery market has been swift.
Trendyol Go, which it closed on in June 2025, processed more than 200 million orders and generated roughly $2 billion in gross bookings in 2024 alone, a more than 50 percent year-on-year increase. The platform served customers through over 90,000 restaurants and 19,000 couriers at the time of the deal.
Adding Yemeksepeti through a Delivery Hero acquisition would give Uber a combined market share analysts estimate at more than half of Türkiye's prepared food delivery market.
The July 14 report caps months of escalating moves by Uber on Delivery Hero. In May 2026, Delivery Hero confirmed it had received a formal takeover bid from Uber at €33 per share, valuing the company at roughly €10 billion.
That offer was rejected by major shareholders, some of whom told the Financial Times they required a price above €40 per share.
Uber subsequently bought a 14.6% stake from activist shareholder Aspex Management at just below €40 per share, pushing its total economic interest in Delivery Hero to approximately 36.83 percent.
Uber has structured the holding to keep voting rights at 24.99 percent, just under the German legal threshold that would trigger a mandatory public offer.
Delivery Hero shares rose more than 5 percent on Tuesday following the Bloomberg report. Uber shares fell nearly 3 percent. Neither company commented publicly.
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