The home delivery market is getting tighter by the minute. Uber just landed a massive blow, acquiring a major player in the sector.
In 30 seconds
- 01Uber acquired Delivery Hero for $14.8 billion, consolidating its market power.
- 02This move reduces competition in the global food delivery sector.
What this means for you
For you, this means fewer apps to choose from when ordering dinner, and maybe one day prices will be a bit less "competitive." Get ready for one big app for everything.
Sources
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