Uber in Advanced Talks to Acquire Delivery Hero

Published Jul 14, 04:23 PM UTC

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Uber Technologies is in advanced negotiations to acquire German food-delivery company Delivery Hero, according to a Bloomberg report. The companies aim to finalize a takeover agreement as soon as this week. A potential transaction would likely value Delivery Hero above its recent trading price of around €36 per share, following Uber's previous offer of €33 per share. Uber already holds a 24.99% stake in Delivery Hero and additional derivatives bringing its total economic interest to about 36.8%. Shares of Delivery Hero rose nearly 6% on the news, while Uber shares fell about 2%. Neither company has publicly confirmed an agreement, and negotiations could still change or fail.

Source

Yahoo FinanceWestern

Original headline: Uber reportedly in advanced talks to acquire Delivery Hero

Original language: EN-US

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Uber in Advanced Talks to Acquire German Food Delivery Giant Delivery Hero

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Germany Uber