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Business & Finance

Uber to buy Germany’s Delivery Hero in $14.8bn global deal

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Uber will offer taxi services and food delivery in 58 markets after deal completes, up from 34Business live – latest updatesUber has reached an agreement to take over the German takeaway company Delivery Hero in a $14.8bn (£10.7bn/€12.6bn) deal that would create a global food delivery giant. The US tech firm said it had offered to pay €41.50 per share to Delivery Hero’s shareholders, valuing the business at $14.8bn. Uber will pay $13.7bn after accounting for its previous purchases of a...

Uber will offer taxi services and food delivery in 58 markets after deal completes, up from 34

Uber has reached an agreement to take over the German takeaway company Delivery Hero in a $14.8bn (£10.7bn/€12.6bn) deal that would create a global food delivery giant.

The US tech firm said it had offered to pay €41.50 per share to Delivery Hero’s shareholders, valuing the business at $14.8bn. Uber will pay $13.7bn after accounting for its previous purchases of a quarter of Delivery Hero’s shares, most recently in May.

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Germany (LOCATION) Delivery Hero (ORG) German (ORG) US (LOCATION) Delivery Hero’s (ORG)
Originally published by The Guardian UK Read original →