Uber (UBER) Considering Higher Bid for Delivery Hero After €11.5Bn Rejection

AI Summary

Uber (UBER) has approached a major shareholder of Delivery Hero following a rejected bid of €11.5 billion. This potential escalation in bid indicates Uber's interest in expanding its food delivery segment amidst competition. The initial offer was turned down, highlighting Delivery Hero's strong market position. The outcome of these negotiations could influence investor sentiment and market dynamics in the food delivery sector.