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German company Delivery Hero, the world's largest food delivery group, announced its acceptance of the acquisition offer from American company Uber, valued at approximately $13.7 billion (12 billion euros). The deal will allow Uber to expand its presence in key markets across Asia, the Middle East, and Latin America by enhancing its transportation and delivery operations to cover 99 countries, with both companies reaching bookings worth $236 billion by 2025. The transaction is expected to boost Uber’s adjusted earnings per share and stimulate market growth, while also committing to keep Delivery Hero's workforce in Berlin intact until 2029 and investing two billion euros in Germany until 2031. The deal is subject to regulatory approval and Uber attaining the necessary control stake in the German company.
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