Uber halts European food delivery growth amid Delivery Hero acquisition talks

According to the Financial Times, Uber has put a hold on the majority of its intended food delivery growth across Europe while it works toward acquiring Delivery Hero. The firm has abandoned launch strategies for five out of seven planned regions, which include Greece, Norway, and Austria. Back in May, Uber raised its ownership in Delivery Hero from 25% to approximately 37%.

by shortkt.com
5 hours ago
Uber halts European food delivery growth amid Delivery Hero acquisition talks | ShortKT