Delivery Hero supports 13 billion euro takeover bid by Uber
German food delivery company Delivery Hero has formally backed a takeover proposal from Uber, a move intended to bolster the US firm's global delivery operations.
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German food delivery giant Delivery Hero has announced its support for a takeover offer from Uber valued at 13 billion euros. According to Euronews, the board of the Berlin-based company has agreed to the acquisition bid.
The proposed merger is set to significantly expand the global food delivery network of the US-based ride-hailing company. The announcement follows reports detailing the scale of the deal, which aims to integrate Delivery Hero’s established operations into Uber’s existing international service infrastructure.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews