Uber is expanding its food delivery services in Hungary through the acquisition of Foodora, a subsidiary of German company Delivery Hero. This move is part of a larger USD 15 billion deal for Delivery Hero, marking a significant consolidation in the European food delivery market. The acquisition grants Uber a stronger foothold in the Hungarian market, challenging existing competitors. Delivery Hero will receive a 6.27% stake in Uber, alongside USD 600 million in cash. The deal is expected to streamline operations and enhance Uber’s delivery network across Europe. This acquisition signals Uber’s continued investment in the food delivery sector, despite broader economic uncertainties. The transaction is currently subject to regulatory approvals.