Why Uber is buying Delivery Hero in a $14.8B takeover bid

Uber has agreed to a takeover bid of approximately $14.8 billion to acquire the German-based Delivery Hero. This strategic transaction will establish the largest food-delivery group operating outside of China. According to Uber CEO Dara Khosrowshahi, the acquisition will double the total number of markets where Uber currently provides its mobility and delivery services. The deal represents a significant expansion of Uber's global footprint within the competitive food-delivery and logistics sector across multiple international regions.