Uber has announced plans to acquire foodpanda, a takeaway business owned by Germany's Delivery Hero, for USD 950 million. Uber also plans to buy 8.42 million new shares from Delivery Hero for USD 300 million.
Post-acquisition, Uber plans to transition foodpanda's local client base, merchants, and delivery partners to its own food delivery platform, Uber Eats. The companies plan to complete the transaction during 1H 2025.
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