Uber considers higher bid for Delivery Hero

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US firm Uber is reportedly planning to raise its takeover bid for Berlin-based food delivery company Delivery Hero. Its board discussed an increase on Saturday.

A major Delivery Hero shareholder had previously rejected an offer of 38 euros per share. That valued the company at more than 11.5 billion euros.

Delivery Hero confirmed on Saturday that it had received an initial bid from Uber at 33 euros per share. This represented a discount of about 1.7 percent to Friday’s closing price.

Uber had increased its stake in Delivery Hero to around 19.5 percent last week, becoming the largest shareholder. The holding is worth roughly 1.7 billion euros. Delivery Hero chief Niklas Östberg recently announced his resignation.

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