Dara Khosrowshahi Says $14.8 Billion Delivery Hero Deal Will Double Uber's Mobility, Delivery Markets - U

Ride-hailing giant Uber Technologies Inc.

(NYSE:UBER) has reached an agreement to acquire German food delivery platform Delivery Hero SE in a deal worth $14.8 billion.

Uber to Pay Over $47 Per Share On Thursday, the company released an official statement, confirming that it will pay €41.5 per share ($47.61) for the agreement between the companies.

Read Also: NHTSA Warns Autonomous Vehicle Companies Over 'Clear Pattern' of First Responder Interference The deal would see Delivery Hero selling its Turkish food delivery platform Yemeksepeti as well as foodora in markets like Austria and more to SSW Partners, a New York-based investment firm, while other businesses are also being sold to the same firm.

"SSW will acquire Delivery Hero’s businesses in a total of 14 markets, particularly where Uber Eats and Delivery Hero already overlap," the statement said, in a deal worth approximately $1.6 billion.