Delivery Hero Board Backs Uber's $14.8 Billion Takeover Bid
· Business · Bloomberg, Wall Street Journal, TechCrunch
The board of Berlin-based delivery platform Delivery Hero SE has voted to accept a takeover offer from Uber Technologies Inc. The deal is valued at approximately $14.8 billion. This decision marks a significant step toward finalizing the acquisition of the German company by the US-based ride-hailing and delivery giant. The transaction remains subject to further regulatory and procedural steps before completion.
Why it matters
This acquisition significantly consolidates the global food delivery market, potentially altering competition dynamics for major players in the sector.
Read the original report — Bloomberg
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