What Happened
Ride Hailing Giant Considers Increased Offer For Food Delivery Group
Uber’s board met on Saturday to discuss raising its offer for German food delivery group Delivery Hero, after a major shareholder rebuffed an initial bid that would value the company over $13.39 billion. The move comes as Uber looks to expand its presence in the food delivery market, and may signal a shift in the company’s strategic priorities. The news was first reported by the Financial Times, according to Reuters.