European food-delivery giant Delivery Hero SE has agreed to buy a South Korean rival for $4 billion, heating up the global battle to meet growing consumer demand for delivered meals. Online food-delivery businesses around the world are joining forces and attracting investment as more consumers opt to have their meals brought to their homes or offices, with Amazon.com Inc. and Uber Technologies Inc. joining the fray in recent years.

Source: Wall Street Journal December 13, 2019 11:21 UTC