Uber launches $14.8 billion takeover bid for Delivery Hero

Uber launched a takeover bid for Delivery Hero on Thursday, giving the German ​firm a $14.8 billion equity value in a move that would create the largest food-delivery group outside China as competition with US and European rivals ‌heats up.

The acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business as […] ...