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The article focuses on Uber's plan to acquire the German delivery company Delivery Hero for $14.8 billion, as part of its effort to build the largest food delivery group outside of China and to enhance its efficiency and profit margins in a market witnessing increasing consolidations and mergers due to slowing demand and companies shifting toward growth through acquisitions. This deal comes in the context of Delivery Hero's transformation into a global food delivery empire through acquisitions of local brands and digital transformation, which has boosted its market value to $13.3 billion. It faces competition from China's Doush, valued at $82.86 billion. The global food delivery market generates huge revenues, with Uber standing out with a market value of $147.93 billion and projected revenues of $17.24 billion by 2025. The company is seeking to increase its offer for Delivery Hero after some shareholders rejected previous proposals, amid pressure for firms to improve profitability and expand through mergers.
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