Uber announced a $14.8 billion all-cash takeover bid for Delivery Hero, creating a delivery giant across 99 markets with $236 billion in projected gross

Delivery Hero confirmed on Tuesday that it is engaged in discussions with the ride-hailing and food-delivery behemoth regarding a potential takeover offer

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

Uber Announces Acquisition Offer for Delivery Hero