Uber Expands Eats, Prosus Sells Delivery Hero Shares

0:00On April 17th, Ubers pushing hard to expand its Uber Eats service across Europe this year, aiming to ramp up bookings in a food delivery market. That's getting tighter with big mergers. Just last year, DoorDash snapped up Britain's delivery room for 2.9 billion pounds, shaking things up. Meanwhile, Ubers grabbing a bigger stake in delivery hero, which is helping Dutch tech giant process meat European Union rules tie to its takeover of, just eat takeaway. Process, mostly owned by South Africa's Naspers, wrapped up that deal last October, but had to dial back its delivery hero ownership to ease competition. Worries, folks in the industry see this as part of a wave where giants are consolidating to dominate local scenes, leaving smaller players scrambling. Uber's move positions at stronger against rivals, while process shed shares to stay compliant. Now, processes offloading 13.6 million delivery hero shares at 20 euros a piece. Dropping its stake from 26.3%, percent to 21.8%, that's 22% above the one-month stock

1:05average, though a bit under Thursday's close. They plan to sell the rest down to single digits by August, maximizing value while keeping regulators happy. Delivery heroes not even in the UK game. Any more, having ditched that back in 2016?