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Uber Offers $14.8 Billion All-Cash for Delivery Hero

Uber Offers $14.8 Billion All-Cash for Delivery Hero

Uber has announced a $14.8 billion all-cash takeover bid for Delivery Hero, a move that would create a delivery giant spanning 99 markets with a projected gross of $236 billion.

The all-cash offer

The bid is entirely in cash, valued at $14.8 billion. Delivery Hero shareholders would receive cash for their shares if the deal goes through.

Global scale

Combined, the two companies would operate in 99 markets worldwide. The projected gross of the merged entity is $236 billion.