Uber Shelves 5 of 7 Europe Eats Launches as It Pursues Delivery Hero Deal
Updated
Updated · Seeking Alpha · Jul 5
Uber Shelves 5 of 7 Europe Eats Launches as It Pursues Delivery Hero Deal
3 articles · Updated · Seeking Alpha · Jul 5
Summary
Uber has paused most planned Uber Eats expansion in Europe, shelving launches in five of seven targeted countries, the Financial Times reported.
The pullback is tied to Uber's continuing effort to acquire rival Delivery Hero, suggesting the company is holding back market entries while it pursues the deal.
The move slows Uber Eats' near-term European growth and leaves only two of the seven planned country launches still moving ahead.