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Uber is betting on the global delivery market
Over the past few years, Uber has been gradually transforming into not only a taxi service, but also one of the biggest players in the field of food, grocery and goods delivery. The purchase of Delivery Hero allows the company to significantly expand its presence at once in dozens of countries where Uber either did not operate at all or had a weak position.
After the deal is completed, the company will have access to the markets of 99 countries and will significantly increase the scale of its business. That's why Uber is willing to pay nearly double its average stock market valuation for Delivery Hero.
Will Glovo change in Ukraine?
Glovo's Ukrainian division is also part of Delivery Hero's structure, so after the deal is completed, it will actually come under Uber's control. At the same time, the process itself will continue for about a year — the parties are waiting for approval from the antimonopoly authorities of various countries and plan to complete the operation only in the second half of 2027.
Until then, Glovo will continue to operate under its own brand. Users, couriers and partners will not experience any changes in the operation of the service.