Busy day. Uber unveiled its biggest-ever acquisition, the roughly $14 billion purchase of Delivery Hero, a German-based food-delivery giant with operations around the world. Netflix reported slower growth for the second quarter, as it had telegraphed, sending the stock down 8% to a two-year low. ...

Uber's $11.6B bid for Delivery Hero could reshape global food delivery and create new opportunities for crypto payment integration in emerging markets.

Uber is in advanced talks to acquire Delivery Hero in a deal potentially exceeding €10 billion, pausing European expansion to prioritize the acquisition.