Uber is reported to be close to a roughly €12.5 billion deal to acquire German food-delivery company Delivery Hero, according to a Financial Times report cited by other outlets. The proposed transaction is described as part of a broader restructuring of Delivery Hero’s business. As part of the deal, Delivery Hero would spin off certain operations, including its Turkish unit and some European activities, to a different buyer rather than transferring all assets to Uber.

The available reporting focuses on the size of the consideration and the planned separation of specific regional operations. While the sources do not provide further details on the identity of the other buyer, the structure implies that Uber’s acquisition would cover selected markets and delivery assets, with remaining businesses sold separately. The information is presented as a “nears” scenario, indicating negotiations are ongoing and final terms have not been confirmed in the excerpts provided.