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Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

Uber has paused most of its planned food delivery expansion in five European countries, including Austria, Norway, and Greece, to focus on existing markets as it pursues acquiring Delivery Hero.
Uber initially planned to enter seven new European countries, including Austria, Denmark, Finland, Norway, Czechia, Greece, and Romania, aiming to add $1 billion in gross bookings over three years.
Delivery Hero confirmed receiving a €33-per-share offer from Uber, which increased Uber's stake in Delivery Hero to nearly 37%.
Uber cited the "huge success" of launches in Finland and Denmark as a reason for halting expansion to concentrate on growth in existing markets.

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yle

Center

Uber Eats Suspends Its Expansion Plans in Europe

The transportation company will not launch operations in five of its seven planned new markets this year.

1 hour ago·Finland

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Protothema

Right

Uber Eats: "Freezes" Expansion in Europe – Plans for Greece Are Also Suspended

Continues to pursue acquisition of Delivery Hero

4 hours ago

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Sueddeutsche Zeitung

Lean Left

Uber Stops Uber Eats Expansion in Europe Due to Delivery Hero Acquisition

The US travel agent seems to want to continue its expansion in food deliveries in Europe. The reason is the planned acquisition of a company from Berlin.

4 hours ago·Munich, Germany

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Reuters

+3 Reposted by 3 other sources

Center

Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

Uber has paused the majority of its planned food delivery expansion in Europe just months after announcing the plans as the ‌ride-sharing company continues to pursue a takeover of Delivery Hero , the Financial Times reported on Sunday.

5 hours ago·New York, United States

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