Global law firm Freshfields Bruckhaus Deringer (Freshfields) is advising Uber Technologies, Inc. (Uber) in two transactions with Delivery Hero SE (Delivery Hero), including a $950m share acquisition by Uber of Delivery Hero’s foodpanda delivery business in Taiwan (foodpanda Taiwan) alongside a separate $300m acquisition of newly issued ordinary shares of Delivery Hero. The acquisition of foodpanda Taiwan is subject to regulatory approvals and other customary closing conditions and is targeted to close in the first half of 2025.

Once completed, this deal would be one of the largest ever international acquisitions in Taiwan, outside of the semiconductor industry.

The Freshfields team is led out of Silicon Valley by M&A partner John Fisher and associate Devony Schmidt, alongside associate Connor Barrett.

The cross-practice Freshfields team included partners Rick van Aerssen, Lars Meyer and Sabrina Kulenkamp and Principal Associate Daniel von Bülow on German corporate and capital markets matters;partner Sundeep Kapila and senior associate Michael Black on UK corporate matters; partner Mena Kaplan and senior associate Marissa Yu on intellectual property matters; partner Claude Stansbury and associate Courtney Canning on tax matters; partners Alan Ryan and Ninette Dodoo and associate Ally Ampudia on antitrust matters; partner Brandon Gantus, senior associate Jeffrey Anand and associate Kristen Stidham on executive compensation and benefits matters; partners Chris Lyon and Brock Dahl and associate Noah Lipkowitz on data privacy matters and counsel Jeremiah Nelson on real estate matters.

The Freshfields team was further supported by colleagues from our Frankfurt, London, Beijing, Hong Kong, Dusseldorf and Amsterdam offices.