Uber nears €12.5bn deal to acquire Delivery Hero

Uber is nearing a €12.5bn deal to acquire Delivery Hero, which could reshape the global food delivery landscape and competitive dynamics. The German food delivery group will spin off its Turkish and some European operations to a different buyer. This acquisition is expected to impact market shares and regulatory landscapes. The move represents a significant shift in the industry, as Uber integrates Delivery Hero's assets while the latter divests specific regional operations to another party.