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

Agreement combines Uber Eats with food delivery brands in 99 countries and expands taxi service reach Business live – latest updates Uber has reached an agreement to take over the German takeaway company Delivery Hero in a $14.8bn (£11bn, or €12.9...

Agreement combines Uber Eats with food delivery brands in 99 countries and expands taxi service reachBusiness live – latest updatesUber has reached an agreement to take over the German takeaway company Delivery Hero in a $14.8bn (£11bn, or €12.9bn) deal that would create a global food delivery giant.The US tech firm said it had offered to pay €41.50 a 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. Continue reading...