If you are travelling in the summer, perhaps to a different city, instead of taking a taxi you may have used an app and called for an Uber for a ride. That company also is in the food delivery business.

In an article by Miranda Murray of Reuters, Uber Technologies launched a takeover bid to buy Delivery Hero based in Germany for $14.8 billion. If it successful, the company would create be the largest food delivery group outside of China.

Delivery Hero has operations in Europe, the Middle East, Asia and Latin America. Dara Khosrowshahi, said the 2 companies would create a platform of 99 countries with a combined pro-forma gross merchandise value (GMV) of $236 billion. This doubles where Uber offers mobility and delivery services,

The biggest competition in China is Meituan which did $346.5 billion in business. Among the other competition is Just Eats owned by Danish group, Prosus and US rival Door Dash.

Delivery Hero has agreed to sell part of the business covering 14 markets to investment firm to SSW Partners for $2.25 billion.

Delivery Hero’s major shareholder Prosus agreed to sell its 17% stake, along with management agreed to sell their shares or do not expect a competing bids.

Linking to dividend paying stocks, every industry has competition but there are always major players and to be a major player means some companies need to become large to attempt to control prices and margins. Once they can do that, it means shareholders should be rewarded for a long time.

There are more questions than answers, till the next time – to raising questions.