Takeaway.com beats Delivery Hero in battle for German dominance
Share:
AMSTERDAM (Reuters) - Online food delivery company Takeaway.com has won the long struggle for supremacy in the German market, agreeing to buy larger rival Delivery Hero's activities in the country in a 930 million euro (841 million pounds) deal.Shares in Dutch-listed Takeaway jumped 19 percent in early dealings, while Delivery Hero gained 14 percent after Takeaway agreed to buy the German food delivery businesses Lieferheld, Pizza.de and foodora in the cash and equity deal.The deal ends an..