Germany's Delivery Hero agrees to takeover by Uber

Germany's Delivery Hero agrees to takeover by Uber

BERLIN

German food delivery group Delivery Hero said on July 16 it has agreed to be taken over by U.S. ride-hailing giant Uber in a 12.7-billion-euro ($14.6-billion) deal.

"Uber's global mobility and delivery platform and our shared commitment to innovation make this the right partnership to build on Delivery Hero's strengths in local food delivery and quick commerce," said Niklas Oestberg, CEO and co-founder of Delivery Hero.

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