Uber to Expand Presence by Acquiring Delivery Hero's Foodpanda Business in Taiwan
Tuesday, 14 May 2024, 03:36
HIGHLIGHT - Uber's Expansion
Uber is making a significant move by acquiring Delivery Hero's Foodpanda business in Taiwan. The company will also purchase $300 million in newly issued ordinary shares of Delivery Hero.
- This acquisition will boost Uber's presence in the competitive food delivery market.
- The deal indicates Uber's commitment to strategic investments in the delivery sector.
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