Uber proposes $14.8 billion bid to acquire Delivery Hero

Uber issued a press release announcing an acquisition offer for Delivery Hero. The proposed purchase price is $14.8 billion. The offer targets Delivery Hero's portfolio of food‑delivery services. Uber aims to expand its logistics capabilities through the deal. The proposal will be reviewed by Delivery Hero's board. Completion of the transaction will require shareholder and regulatory approvals. Analysts view the bid as a significant move in the delivery market. Stakeholders will monitor responses from both companies and regulators.