Uber weighs a higher bid for Delivery Hero, FT reports
Uber is weighing a higher bid for German food-delivery group Delivery Hero, the Financial Times reports. The move signals that consolidation across the sector is still gathering pace.
Uber is weighing a higher bid for Delivery Hero, according to a Financial Times report cited by Investing.com. The development underscores continued merger-and-acquisition activity across the global food-delivery market.
Delivery Hero is a major operator active in many countries. A raised offer could increase the deal's scale and draw scrutiny from competition regulators. The parties are said to have made no formal statement so far.
Analysts say the hunt for scale among delivery platforms has accelerated amid pricing and profitability pressures. The terms and timing of any deal remain uncertain. This article is not investment advice.
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