Bid for Foodora's owner -
Photo: Jakob Åkersten Brodén/TT

Bid for Foodora's owner - Delivery Hero stock surges after Uber bid

Germany's Delivery Hero, which owns Swedish food delivery company Foodora, is surging on the Frankfurt Stock Exchange after U.S. ride-hailing firm Uber Technologies made a bid for the company, Dagens Industri reports.

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The offer of €33 per share is worth approximately €10 billion (equivalent to SEK 108 billion).

Delivery Hero's share price rose almost 10 percent to €36.88 per share after the bid, the highest level since autumn 2024. The fact that the price rose above the bid indicates the market expects the offer to increase before a deal is reached.

The deal requires approval from European competition authorities.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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