Anabelle Colaco
15 Jul 2026, 18:38 GMT+10
SAN FRANCISCO, California: Uber Technologies is in advanced discussions to acquire German food-delivery company Delivery Hero, according to a Bloomberg News report, as the ride-hailing giant looks to expand its presence in the food delivery market.
Citing people familiar with the matter, Bloomberg reported that Uber is aiming to reach an agreement with Delivery Hero as early as this week.
According to the report, any transaction would likely value Delivery Hero at well above its recent trading price of about 36 euros (US$41.23) per share.
Uber declined to comment, while Delivery Hero did not immediately respond.
Delivery Hero shares rose more than five percent to 38.93 euros, while Uber shares fell nearly 3 percent following the report.
The German food-delivery company said in May that it had received a 33-euro-per-share offer from Uber.
At the time, Uber had increased its stake in Delivery Hero to nearly 37 percent from 25 percent by acquiring shares from fellow shareholder Aspex Management.
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationThe number of Palestinians killed since the October 2025 ceasefire has now reached 1,110, approaching the 1,200 Israelis killed in...
LONDON, U.K.: Britain will spend more than £250 million (US$335 million) over the next three years to better protect its Jewish communities,...
WASHINGTON, DC - U.S. Secretary of State Marco Rubio says the United States will embark on a sweeping campaign to dismantle the International...
LOS ANGELES, California: California and 11 other states have filed a lawsuit seeking to block Paramount's proposed US$110 billion acquisition...
BRUSSELS, Belgium: European countries reported more than 10,000 extra deaths during the record-breaking heatwave that hit western parts...
WASHINGTON, D.C.: The Trump administration is starting a new effort to counter what it sees as a threat to U.S. sovereignty from the...
DUBLIN, Ireland: A former Circuit Court judge has failed in his attempt to overturn his conviction for attempted rape and the sexual...
(Photo credit: David Rodriguez-Munoz / USA TODAY NETWORK via Imagn Images) The Boston Red Sox added a right-handed batter to their...
(Photo credit: Stephen Lew-Imagn Images) Brian Kelly is not ready to declare his coaching career finished. The former Notre Dame...
(Photo credit: Charles LeClaire-Imagn Images) Milwaukee Brewers right-hander Jacob Misiorowski is scheduled to have a throwing session...
(Photo credit: Wendell Cruz-Imagn Images) Anthony Siegler had the tiebreaking sacrifice fly in the 10th inning Sunday for the visiting...
(Photo credit: Brad Penner-Imagn Images) A Pettitte could be back in pinstripes before long. The New York Yankees selected Dallas...
