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Uber in Advanced Talks to Acquire Delivery Hero

Wall Street Journal US Business •
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Uber is in advanced discussions concerning a potential takeover of German food-delivery company Delivery Hero. The talks come after an initial approach from Uber in May, which valued Delivery Hero at approximately 10 billion euros ($11.38 billion).

Delivery Hero confirmed on Tuesday that negotiations are at an advanced stage, but declined to comment on speculation about the offer's price. This potential acquisition represents Uber's latest move to strengthen its international operations.

The discussions also coincide with recent changes within Delivery Hero, including the planned departure of its co-founder and CEO. Uber has declined to provide a statement regarding the ongoing talks.