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Uber is weighing a raised takeover bid for rival Delivery Hero, the FT reports.
Uber is considering a higher takeover bid for Delivery Hero after its initial offer was rejected.
KEY POINTS
- Uber proposed a 38-euro per share bid to a top Delivery Hero shareholder, which was also rebuffed.
- Several Delivery Hero shareholders are reportedly seeking an offer above 40 euros per share.
- Uber recently increased its stake in Delivery Hero to 19.5% from approximately 7%.
- The potential deal faces significant antitrust scrutiny due to market overlap in 22 countries.
COMPANIES
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