Delivery Hero chief reverses exit plan after Uber secures takeover deal

Niklas Östberg, the leader of Delivery Hero, has decided to stay on board after initially planning to leave the company. This shift comes as Uber Eats, a major competitor, secures a deal to take over Delivery Hero. Östberg will now steer the German food delivery company through a series of asset sales and its new future under Uber's ownership. This move is significant as it highlights the intense competition and strategic maneuvers in the food delivery industry, affecting both current and potential investors.