NewsHK
Food delivery as a sector has spent the better part of recent years searching for the scale that justifies its capital base.
Uber is now nearing a deal that would reshape the competitive map: a proposed acquisition of German food delivery group Delivery Hero valued at €12.5 billion.
Under the terms taking shape, Delivery Hero's Turkish operations and certain European assets would be spun off to a separate buyer.
A deal defined by what it excludes The spin-off structure is the clearest signal in this transaction. Delivery Hero has assembled an extensive cross-border footprint, and Uber appears to want only part of it.
Keep reading