Uber has completed its acquisition of Delivery Hero in a transaction valued at $14.8 billion, according to The Korea Herald.
The deal marks the definitive end to months of advanced negotiations between the two food-delivery giants, with the US-based company securing full ownership of the German operator.
The $14.8 billion price tag reflects the premium Uber was willing to pay for scale and market consolidation.
The acquisition is significant for Uber's strategic footprint in Asia, most notably granting it control over Baemin, South Korea's leading food-delivery service.
By absorbing Delivery Hero, Uber eliminates a major global competitor while instantly inheriting a dominant market position in one of the world's most competitive quick-commerce environments.
The $14.8 billion price tag reflects the premium Uber was willing to pay for scale and market consolidation.
The deal follows earlier reports from the Financial Times that the two companies were in advanced talks for a transaction valued at approximately €12.5 billion.