UPDATE 1-Uber launches $14.8 billion takeover bid for Delivery Hero

Uber Technologies,Inc.

UBER

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BERLIN, July 16 (Reuters) - Uber UBER.N on Thursday launched a public takeover offer for Delivery Hero DHER.DE that values the German food delivery company at around $14.8 billion, as part of the U.S. ride hailing firm's efforts to widen its food delivery network abroad.

Uber, which has made the acquisition conditional on a minimum acceptance threshold of 50% plus one share, will offer 41.50 euros ($47.58) in cash per share.

Major shareholder Prosus has agreed to sell its stake of just under 17% in the food delivery company, according to Uber.

Including derivatives, Uber had already secured a stake of just under 37% in Delivery Hero.

($1 = 0.8722 euros)

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