Uber offered to take over German food delivery company Delivery Hero in a deal that would value the company at about €10B ($11.6B), with Delivery Hero confirming it received an approach for €33 per share, just three cents above the company's prior closing price. Uber, which already owns 20% of Delivery Hero plus options for another 5.6%, would be on the hook for roughly €8B under the proposed terms, though the Financial Times reported the offer was rebuffed with some investors seeking more than €40 per share. The bid comes as the food delivery industry consolidates globally, following DoorDash's acquisition of UK-based Deliveroo and Prosus's purchase of Just Eat Takeaway.com, with DoorDash having separately expressed interest in Delivery Hero's Middle East business Talabat.
