Uber eats to acquire delivery hero's foodpanda delivery business in taiwan

San francisco & berlin--(business wire)--uber technologies, inc. (nyse: uber) and delivery hero se (fse: dher) have reached an agreement for uber to acquire delivery hero's foodpanda delivery business in taiwan for $950 million in cash. the acquisition of foodpanda taiwan is subject to regulatory approval and other customary closing conditions and is targeted to close in the first half of 2025. separately, the companies have also entered into an agreement for uber to purchase $300 million in ne.
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