Uber nears €12.5bn deal to acquire Delivery Hero, FT reports

July 15 (Reuters) - Uber is ‌set to ​take ​over Delivery Hero in a deal valuing the German food delivery company at about €12.5 billion ($14.34 billion), ‌the Financial Times reported on Wednesday.

Delivery Hero confirmed ⁠it was in advanced negotiations with Uber regarding a potential takeover ‌offer on Tuesday.

Here are a ‌few details on the potential deal:

• Acquiring Delivery Hero, which has a market value of roughly €11.6 billion, would ​expand the Uber Eats food-delivery network in Europe, the Middle East, Asia and Latin America. But the deal ⁠could attract scrutiny from antitrust regulators due to overlap in the companies' operations.

• ​Delivery Hero could announce the deal as early as Thursday, with Uber paying roughly €41 per share, ​the Financial Times reported, citing ‌multiple people familiar with the matter.

• The terms and timing have not been finalized and ⁠could still change.

• Under the proposed deal, Delivery Hero will split off part of its business, selling its Turkish unit Yemeksepeti ⁠and several European operations to an investment firm, in an effort ​to limit geographic overlap with Uber and reduce potential antitrust scrutiny, the report said.

• Both Delivery Hero and Uber did not immediately respond ‌to a Reuters request for comment.

• The discussions follow months of speculation over Delivery ‌Hero's future. Uber approached the company in May with a €38 ⁠per share offer that ‌investors viewed as too ​low, according to media reports.

($1 = 0.8715 euros)

(Reporting by Juby Babu in Mexico City; Editing by Tasim ‌Zahid)

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