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Uber Eats Plans Expansion to Germany

TheMotleyFool

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Uber Eats Plans Expansion to GermanyPhoto, wide shot, wide-angle lens, Convenience store, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/35bdb659-cf5a-466a-95a9-428a230a2d2e.png

Uber Eats, the food delivery arm of Uber Technologies (NYSE: UBER), has said it will add Germany to the group of European countries where it does business. Germany will mark the 10th European country for the service, plus the Republic of Ireland and the U.K.

The move is a direct challenge to Netherlands-based Just Eat Takeaway.com (OTC: TKAY.Y), which was formed in early 2020 with the merger of Takeaway.com and the British service Just Eat. In June 2020, the company announced it would acquire U.S.-based Grubhub (NYSE: GRUB) in a transaction valued at over $7 billion.

Image source: Getty Images.

Source Fool.com

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