BUZZ-Delivery Hero rises after Uber launches takeover offer

Uber Technologies,Inc.

Uber Technologies,Inc.

UBER

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** Germany's Delivery Hero DHER.DE is up 2.5% in early Frankfurt trade after Uber UBER.N launched a $14.8 billion takeover offer

** Uber will pay €41.5 ($47.6) per co share, valuing the German food delivery company at around $14.8 billion

** The offer represents a roughly 34% premium on Delivery Hero's three-month volume-weighted average share price prior to the takeover announcement

** Co's major shareholder Prosus PRX.AS has agreed to sell its stake of just under 17%, Uber said

** Delivery Hero's stock gained around 67% YTD as of Wednesday's close



($1 = 0.8720 euros)


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