Regulatory clearance for Uber
Ukraine’s Antimonopoly Committee approved the takeover of the food delivery service Glovo in Ukraine, which is owned by the German group Delivery Hero, by the San Francisco-based firm Uber. Uber International Technologies II Corporation will facilitate indirect control of Berlin-based Delivery Hero. This company has owned the Spanish-founded Glovo since 2022 and operates food and grocery delivery platforms in around 65 countries. This acquisition gives Uber control over Delivery Hero businesses in 50 different markets. Investment firm SSW Partners will instead purchase businesses in 14 other markets, such as Moldova, Poland, Portugal, Romania, and Spain. Uber, which is headquartered in San Francisco and is best known for its ride-hailing app and Uber Eats service, announced the deal on July 16 with a valuation of $14.8 billion, or $13.7 billion excluding the company’s existing stake. The regulatory clearance clearly facilitates Uber’s expansion, but the deal still requires other regulatory approvals and must meet closing conditions before the expected completion in the second half of 2027.
| Detail | Value |
|---|---|
| Total Deal Value | $14.8 billion |
| Value Excluding Uber Stake | $13.7 billion |
| Uber Market Count | 50 |
| SSW Partners Market Count | 14 |
| Expected Completion | Second half of 2027 |
Impact on Ukrainian markets
Glovo co-founder Sacha Michaud expects the acquisition to benefit the Ukrainian business, which he describes as one of the company’s most successful and growing regions. Ukraine currently ranks among Glovo’s five largest markets with double-digit growth. "We have created a strong company in Ukraine, and it is one of Glovo’s top five markets. It is extremely successful and growing by double digits," Michaud told dev.ua on Oct. 13. He said, "I believe this will only consolidate the continuity of the project that we are implementing in Ukraine. I think that only positive things can happen around this." Delivery Hero shareholders had until Nov. 5 to accept the takeover offer from Uber. The Financial Times reported on July 5 that Uber had paused plans to launch food delivery in five new European markets to focus on markets where it already operates, such as Denmark and Finland, because the company wanted to focus on existing operations.
