South Africa’s Prosus sells $319 million Delivery Hero stake to Uber

Prosus N.V., the global internet group linked to Koos Bekker, has agreed to sell 13.58 million shares in Delivery Hero to Uber Technologies, representing about 4.5% of the German food delivery firm’s issued share capital. The shares were sold at €20 ($23.58) each, translating to total gross proceeds of roughly €270 million ($318.5 million).

The transaction, priced at a 22% premium to Delivery Hero’s one-month volume-weighted average price as of April 16, 2026, underscores strong demand for strategic stakes in global food delivery platforms while allowing Prosus to unlock value from its holdings.

Strategic sale tied to regulatory commitments

The divestment follows regulatory conditions imposed by the European Commission when it approved Prosus’s acquisition of Just Eat Takeaway.com in August 2025. 

As part of the approval, Prosus committed to significantly reducing its shareholding in Delivery Hero to address competition concerns in the European food delivery market.

By executing this sale to Uber, Prosus is advancing those commitments while maintaining a substantial minority stake in Delivery Hero, positioning itself to benefit from future upside in the sector.

Prosus sharpens portfolio focus

Prosus N.V., founded in 1997 under the leadership of Koos Bekker, has grown into a global consumer Internet group and one of the world’s largest technology investors. The group, a division of the renowned South African multinational conglomerate Naspers, which is also run by Bekker, has a diverse international portfolio that includes investments in top fintech, social media, ed-tech, and food delivery system firms. Bekker’s nearly 1% stake in Prosus is worth more than half a billion dollars as of the time of writing.

The latest transaction reflects Prosus’s disciplined approach to capital allocation, unlocking liquidity from mature investments while retaining exposure to high-growth digital platforms. Even after the sale, its remaining 21.8% stake in Delivery Hero signals continued confidence in the long-term prospects of the global online food delivery market. With ongoing portfolio optimization efforts, Prosus remains focused on enhancing shareholder value and redeploying capital into faster-growing segments across its global technology ecosystem.