Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports

Uber Technologies is in advanced talks to acquire German food-delivery company Delivery Hero, Bloomberg News reported on Tuesday, citing people familiar with the ‌matter.

The ride-hailing ⁠company ⁠aims to reach an agreement ​with Delivery Hero as soon as this ​week, the report said.

A transaction would likely value Delivery Hero at ​well above its ⁠recent trading ‌price of around €36 ($41.23) ​per share, ​according to Bloomberg.


Uber declined ⁠to comment on a Reuters ​request, while Delivery Hero did ​not respond immediately.

Shares of Delivery Hero rose more than 5% to €38.93, while Uber was down nearly 3%.

The food-delivery company ‌said in May it had received a €33 offer from Uber. Reuters had ⁠reported that the U.S. company had raised its stake in Delivery Hero to nearly 37% from 25% by acquiring shares from fellow shareholder Aspex Management.

($1 = 0.8731 euros)