German food delivery group Delivery Hero said Thursday it has agreed to be taken over by US ride-hailing giant Uber in a €12.7 billion (RM59.3 billion) deal. Founded in 2011, the German firm now operates in over 60 markets and is one of the world’s biggest food delivery groups. It has also expanded beyond its traditional food business to “quick commerce”, delivering small packages to customers. Uber is acquiring Delivery Hero’s businesses in 50 markets worldwide across Asia, Europe, Latin America and the Middle East. A US investment firm, SSW Partners, is acquiring the German group’s operations in another 14 markets, where Uber and Delivery Hero compete, for around €1.4 billion. Do you think that should only be allowed to take a share to allow to fair competition ?
