Uber has finalized a $14.8 billion takeover of Delivery Hero, according to a report from Inside Retail Asia. The deal comes after several days of intense negotiations between the two companies.

The acquisition will see Uber integrate Delivery Hero's extensive portfolio of brands, including platforms across Europe, the Middle East, and Asia. This move is expected to significantly bolster Uber's global delivery operations, giving it a stronger foothold in key markets where Delivery Hero already has a substantial presence.

Analysts view the tie-up as a strategic consolidation in the competitive food delivery industry, where scale and geographic reach are critical. Uber's ride-hailing and delivery segments are expected to benefit from shared logistics and technology infrastructure, potentially leading to cost synergies over time.