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Uber is reportedly considering buying all of Delivery Hero, based on a Bloomberg News report.
Uber is considering a full acquisition of Delivery Hero, not just increasing its existing 19.5% stake.
KEY POINTS
- Delivery Hero's CEO recently stepped down amid activist investor pressure to sell assets.
- A takeover would give Uber access to food delivery operations in over 60 countries outside the US.
- This move is partially motivated by competition with DoorDash's European-focused Wolt unit.
COMPANIES
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