Cyprus Mail16 Jul 2026

Uber launches $14.8 billion takeover bid for Delivery Hero

Uber launched a takeover bid for Delivery Hero on Thursday, giving the German firm a $14.8 billion equity value in a move that would create the largest food-delivery group outside China as competition with US and European rivals ‌heats up.

The acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business as it faces intensifying competition from Just Eat, owned by Dutch group Prosus, and US rival DoorDash (DASH.O), which has been expanding aggressively....

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