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Delivery Hero shares rise 10% as rival Uber mulls another takeover bid
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- Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 ($38.29) per share, which would value the company's market capitalization at over €10bn.
- The German company added it "remains fully focused on executing its strategic review process and further updates will be provided as required or appropriate".
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Shares in Delivery Hero rose over 10% on Monday morning following a Financial Times report that U.S. rival Uber weighed an improved bid for the German food delivery firm.
Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 ($38.29) per share, which would value the company's market capitalization at over €10bn.
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