Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports

July 14 (Reuters) - ‌Uber Technologies ​is ​in advanced talks to acquire German food-delivery company Delivery ‌Hero, Bloomberg News reported on ⁠Tuesday, citing people familiar with the matter.

The ‌ride-hailing company aims ‌to reach an agreement with Delivery Hero as soon as this ​week, the report said.

A transaction would likely value Delivery Hero ⁠at well above its recent trading price of ​around €36 ($41.23) per share, according to Bloomberg.

Uber declined to comment on ​a Reuters request, while ‌Delivery Hero did not respond immediately.

Shares of Delivery ⁠Hero rose more than 5% to €38.93, while Uber was down nearly 3%.

The ⁠food-delivery company said in May it had ​received a €33 offer from Uber. Reuters had reported that the U.S. company had raised ‌its stake in Delivery Hero to nearly 37% from ‌25% by acquiring shares ⁠from fellow shareholder ‌Aspex Management.

($1 = 0.8731 ​euros)

(Reporting by Rashika Singh in Bengaluru; Editing by Vijay ‌Kishore)

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