Uber's $14.8 billion acquisition of Delivery Hero will nearly double its global presence, extending operations to almost 100 markets across four continents.
Uber will pay $13.7 billion for the deal, having already acquired a quarter of Delivery Hero's shares earlier.
However, it won't take over Delivery Hero's operations in 14 countries where it already has a strong presence.
Instead, these will be sold to SSW Partners, a New York-based private equity firm, for $1.6 billion.
This strategy is aimed at preventing Uber from dominating those markets and is an important consideration for competition regulators.
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Deal includes the bulk of Delivery Hero’s global business comprising 50 markets
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