Uber has agreed to acquire Delivery Hero in a $14.8 billion all-stock transaction, confirming reports that had circulated for weeks. The deal would significantly expand Uber’s delivery business and push the company into a much larger international position.

According to the details available, the acquisition would nearly double Uber’s global footprint. That expansion would bring the company close to 100 markets, giving it a far broader presence in food delivery and strengthening its scale outside its core ride-hailing operations.

The combination would also create one of the largest food-delivery platforms in the world outside China. That matters in a highly competitive sector where size, market reach and operational efficiency can shape profitability and long-term growth.

If completed, the agreement would mark a major strategic step for Uber as it deepens its role in delivery and widens its international network. The move signals that consolidation remains a powerful force in the global food-delivery industry.