Uber eyes Delivery Hero in $15B acquisition bid
Summary
Uber agreed to buy Delivery Hero, a German food delivery company, in a deal worth nearly $15 billion. This purchase will make Uber the largest food delivery company outside of China and expand its services to many more countries.Key Facts
- Uber is buying Delivery Hero for about $15 billion.
- Delivery Hero is based in Germany and offers food delivery services.
- The deal will create the biggest food delivery group outside of China.
- Uber's CEO is Dara Khosrowshahi.
- After the acquisition, Uber will operate in twice as many markets for both mobility (rides) and delivery.
- The combined company aims to offer more delivery options in more places.
- The transaction will increase Uber’s reach in the global food delivery market.
- This move signals Uber’s focus on growing its delivery services alongside ride-hailing.
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