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Delivery Hero board backs Uber’s $15B takeover bid
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Delivery Hero's board has approved Uber's $15 billion takeover offer and recommended shareholders accept it, which would create one of the world's largest food delivery platforms.
If approved, the deal would double Uber's global footprint and make its delivery platform one of the largest outside China, intensifying competition with DoorDash and Just Eat Takeaway. For engineers, this consolidation could lead to large-scale integration of two major delivery platforms, though specific technical changes are not yet detailed.
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Delivery Hero's supervisory and management boards approved Uber's $15 billion takeover offer and recommended shareholders accept it.
The deal would double Uber's global footprint and make its delivery platform one of the largest outside China, improving its competitive position against DoorDash and Just Eat Takeaway.
Major shareholder Prosus agreed to sell its 17% stake, and Delivery Hero previously agreed to sell its businesses in 14 markets to SSW Partners for $1.6 billion.
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