Market Chatter: Uber Said to Be in Advanced Talks to Take Over Delivery Hero

MT Newswires Live07-14 22:05

Uber Technologies (UBER) is in advanced talks to buy Delivery Hero, with the ride-sharing giant aiming to reach an agreement as soon as this week, Bloomberg reported Tuesday, citing people familiar with the matter.

A deal would likely value the German food-delivery company well above its recent trading price of about 36 euros ($41.23) per share, the report said, citing some of the people.

Uber and Delivery Hero didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 73.37, Change: -0.89, Percent Change: -1.20

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