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Uber Agrees to Buy Delivery Hero as Food Sector Consolidates

Key Points

Uber Technologies Inc. offered to acquire German food-delivery company Delivery Hero SE for €41.50 a share, a deal that will allow the ride-hailing giant to better compete with rival DoorDash Inc. outside the US.

Uber Technologies Inc. offered to acquire German food-delivery company Delivery Hero SE for €41.50 a share, a deal that will allow the ride-hailing giant to better compete with rival DoorDash Inc. outside the US.
Food Sector Consolidates Uber Technologies Inc. (ORG) German (ORG) DoorDash Inc. (ORG) US (LOCATION)
Originally published by Bloomberg Technology Read original →