Uber Acquisition Talks

Delivery Hero shares rose 5.5 % after reports that Uber Technologies Inc. is in advanced talks to acquire the German food‑delivery company. Uber’s stake in Delivery Hero stands at 24.99 %, and with derivatives the total interest is approximately 36.8 %. Uber previously offered €33 per share, but investors have been pushing for a higher price; a new bid would value the company well above its recent trading price of around €36 per share and would be offered to all shareholders. The deal would increase Delivery Hero’s market value to roughly €11.2 billion ($12.8 billion), reflecting its 62 % share price gain this year. Prosus NV, which holds a significant stake in Delivery Hero, is among the major shareholders monitoring the talks.