Delivery Hero confirmed on Tuesday that discussions have progressed to a critical stage, though the company declined to address market speculation regarding the final offer price. Investors reacted sharply to the news, pushing Delivery Hero shares up 6% to close at 39.10 euros following reports that a definitive agreement could be reached as early as this week. Uber has yet to provide an official comment on the status of the acquisition.
In section Market Quotes
Uber Eyes Delivery Hero Acquisition in Multi-Billion Euro Deal
A potential shift in the global food-delivery landscape is underway as Uber enters advanced takeover negotiations with Berlin-based Delivery Hero. The talks follow an unsolicited approach from the American ride-hailing giant back in May, which initially valued the German firm at approximately 10 billion euros, or 11.38 billion dollars.
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